Startup capital among micro enterprises in arts and entertainment in Nigeria 2020
In 2020, most of the micro-enterprises (MEs) within the arts, entertainment, and recreation sector in Nigeria - nearly 83,000 businesses - each received an initial startup funding that was less than 50,000 Nigerian naira (NGN), equivalent to roughly 120 U.S. dollars. In contrast, 3,128 micro-enterprises in the same sector each secured an initial startup capital between 701,000 NGN and 800,000 NGN (between roughly 1,686 and 1,924 U.S. dollars).