Most Nigerian MSME entrepreneurs are between 26 and 45 years old

Key Takeaways

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.

The age distribution of Nigerian MSME entrepreneurs shows a clear concentration in the 26–45 age bracket, which makes up roughly two-thirds of the population. Very young adults (18–25) represent just over 12%, suggesting that most business ownership starts after early adulthood. The mid-life group (46–55) accounts for nearly 15%, while older entrepreneurs (56+) are the smallest segment at 6.2%. This pattern indicates that MSME activity is largely driven by individuals in their prime working years, reflecting a combination of energy, experience, and capacity to manage small and medium-scale businesses.

Source:

Intelpoint report: MSMEs in Nigeria Business finance, revenue and support, among others

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Period:

2025

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