Initial startup capital received by micro enterprises in agriculture in Nigeria 2020
In 2020, the majority of micro enterprises (MEs) in the agricultural sector in Nigeria - over 7.9 million - each received an initial startup funding that was less than 50,000 Nigerian naira (NGN), equivalent to roughly 120 U.S. dollars. In contrast, 39,785 MEs in the same sector each secured an initial startup capital between 901,000 NGN and one million NGN (roughly 2,167 to 2,405 U.S. dollars).