Moniepoint don ready launch 2nd edition of Nigeria Informal Economy Report for Abuja
By Maureen Aguta
Moniepoint Microfinance Bank, wey be correct Naija company, don reveal say about 42 per cent of people wey dey hustle for informal sector no get savings wey fit last them reach one month if dem no get income. Dis one show say plenty small business owners for Nigeria still dey waka thin line when e reach money matter.
Di new report, wey Moniepoint go launch officially on Friday, October 17, 2025, for Abuja Continental Hotel, get support from Federal Ministry of Industry, Trade and Investment and SMEDAN (Small and Medium Enterprise Development Agency of Nigeria).
Nigeria informal economy na serious backbone for di country because e dey provide work for more than 80 per cent of Nigerians, and na im dey push plenty economic activity. For many people wey no get formal work, na dis informal sector dey keep dem away from poverty.
Moniepoint talk say di Informal Economy Report na to provide better information wey go help government, regulators and banks design correct policies wey go support and formalise di informal market.
According to the Managing Director of Moniepoint Microfinance Bank, Babatunde Olofin “Di Informal Economy Report na strong research wey look di informal market well-well and bring out new insights about wetin dey really happen. We believe say di results go help government and other stakeholders plan better policies.”
Di launch event go gather big government people, regulators, lawmakers, industry leaders, trade associations, academics, NGOs, and development partners. E go feature keynote speeches, panel discussions, and presentation of di report, as dem go reason how to build better and more inclusive economy for di country.
Dis second edition of di Informal Economy Report 2025 follow di success of di first one, wey Federal Ministry of Industry, Trade and Investment, Corporate Affairs Commission (CAC), SMEDAN and other business groups bin praise for di correct data and practical advice wey e provide.
Na so Moniepoint wan continue to dey show commitment to empower small business people and make sure say informal sector no go remain neglected for Nigeria economy.