According to the latest State of Entrepreneurship Report by the FATE Foundation, the share of female-owned businesses in Nigeria in 2024 is 12% higher than in 2021. At 48%, the number of female-owned businesses is nearly equal to that of male-owned businesses.
The report highlights the disparity between male and female-owned businesses across state lines. Bauchi is the only state with over 80% female-owned businesses, while Borno, Kebbi, and Zamfara have over 80% male-owned businesses. Edo State has an equal share of both.
