Moniepoint to Launch Nigeria’s Second Informal Economy Report in Abuja

Moniepoint Microfinance Bank, Nigeria’s pioneering financial institution, is set to unveil the second edition of its Nigeria Informal Economy Report on October 17, 2025, at the Abuja Continental Hotel. The upcoming report, supported by the Ministry of Industry, Trade, and Investment and SMEDAN, sheds light on the vulnerabilities faced by Nigeria’s informal sector—home to over 80% of employment and the backbone of the nation’s economy.

Key findings reveal that 42% of informal sector operators lack savings sufficient to survive beyond a month without income, highlighting the sector’s precarious financial state. The report aims to provide policymakers, regulators, and financial institutions with evidence-based insights to foster the growth and formalization of small businesses.

Babatunde Olofin, Managing Director of Moniepoint Microfinance Bank, emphasized the importance of the report: “This study offers vital insights into the informal market’s realities, which can inform effective policy and ecosystem support.”

The launch event will gather senior government officials, industry leaders, trade associations, academics, and development partners for keynote addresses, panel discussions, and presentations focused on building a more inclusive and resilient economy.

Building on the success of its inaugural edition, the 2025 report continues Moniepoint’s commitment to providing credible data and actionable recommendations to empower Nigeria’s informal economy.