Startup capital received by micro enterprises in manufacturing in Nigeria 2020
In 2020, the majority of the micro-enterprises (MEs) within the manufacturing sector in Nigeria - nearly 863,000 - each received an initial startup funding that was less than 50,000 Nigerian naira (NGN), equivalent to roughly 120 U.S. dollars. In contrast, 12,794 micro-enterprises 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).