Nearly half of Nigerian MSMEs operate below ₦100,000 in monthly revenue

Key Takeaways

  • 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.

The revenue profile of Nigerian MSMEs shows a sharp concentration at the lower end. Almost half of businesses generate less than ₦100,000 monthly, while about one in five falls in the ₦100,000–₦199,900 range. As revenues climb, the proportion of businesses narrows, with only 9.3% earning between ₦200,000 and ₦299,900, and just 6% in the ₦500,000–₦999,900 bracket.

Higher revenue bands remain rare: 5.4% of MSMEs report monthly earnings of ₦1 million–₦4.99 million, 1% earn ₦5 million–₦9.99 million, and only 2% fall in the ₦10 million–₦99.9 million category. At the very top, a mere 0.4% of MSMEs exceed ₦100 million in monthly revenue. This distribution highlights the dominance of micro-scale businesses and the small share of enterprises operating at larger revenue levels.

Source:

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

Period:

2025
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