Startup capital received by MEs in accommodation and food services in Nigeria 2020
In 2020, most micro enterprises (MEs) within the accommodation and food service sector in Nigeria - over 881,000 - received an initial startup funding that was less than 50,000 Nigerian naira (NGN), equivalent to roughly 120 U.S. dollars. In contrast, 1,145 MEs in the same sector each secured an initial startup capital between 901,000 NGN and one million NGN (roughly between 2,167 and 2,405 U.S. dollars).