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Nearly half (48.9%) of Nigerian businesses identify inflation as their greatest economic challenge in 2025.
The foreign exchange rate (17.1%) is the second most pressing concern, reflecting ongoing naira volatility.
Insecurity (15.6%) and government policies (10.0%) remain significant worries for business operations.
Inadequate infrastructure (8.4%), while the least mentioned, continues to constrain growth.

Just 25.1% of MSMEs report receiving any form of government support, while 74.9% remain untouched by initiatives.
Among those who benefitted, 41.1% accessed grants, making it the most common form of support.
22.1% of MSMEs participated in government training programmes, showing recognition of capacity-building needs.
Only 16% received loans and 13.8% got tax breaks, underscoring limited financial and fiscal support penetration.
A mere 6.9% of businesses report accessing subsidies, reflecting minimal impact of such schemes.

The South West (₦8.3m) far surpasses all regions in monthly revenue, reflecting Lagos’ dominance as Nigeria’s commercial hub.
The South South (₦831k) and South East (₦605k) trail far behind but still outperform the northern regions.
The North East (₦562k) and North West (₦479k) show significantly lower average revenues.
The North Central (₦241k) records the weakest average, underlining stark regional disparities.

Only 12.1% of entrepreneurs are aged 18–25, showing limited entry among very young adults.
The largest groups are 26–35 (33.3%) and 36–45 (33.8%), together accounting for two-thirds of entrepreneurs.
Mid-life representation: 14.6% are aged 46–55.
Just 6.2% are 56 and above, indicating fewer older adults start or run MSMEs.

48.8% of MSMEs earn less than ₦100,000 monthly.
19.5% report revenues between ₦100,000 and ₦199,900.
The share of businesses decreases steadily in the ₦200,000–₦999,900 bands, ranging from 9.3% to 6%.
Only 8.8% of MSMEs earn above ₦1 million monthly, with just 0.4% exceeding ₦100 million.