Number of micro enterprises (MEs) in Nigeria 2017-2020, by sector
initial startup funding of less than 50,000 Nigerian naira (corresponding to 120 U.S. dollars) as of 2020.
The agricultural and wholesale or retail sectors accounted for the largest proportions of informal micro enterprises (MEs) operating in Nigeria in 2020. In that year, the number of wholesale MEs reached approximately 12.8 million, while for the agricultural sector the count reached around 14.8 million. Compared to 2017, MEs in the country reduced in number. Most micro businesses in Nigeria received an