The South West is the only region with MSMEs in earning above ₦100 million monthly in revenue

Key Takeaways

  • The South West is the only region with MSMEs reporting revenues above ₦100 million, accounting for 100% of that bracket.
  • While high-revenue firms cluster in the South West, the South South leads in the ₦10M–₦99.9M range, with over 50.8% share.
  • The North Central (30.3%) has the highest share of MSMEs earning less than ₦100,000 monthly, followed by the North East (19.6%).
  • The ₦200K–₦999.9K range is more evenly spread across regions, but the South West and South South consistently record stronger representation.

The regional breakdown of MSME revenues in Nigeria reveals striking disparities. At the very top, the South West is unmatched. It is the only region with businesses earning above ₦100 million monthly, holding 100% of this elite category. This underscores the region’s dominance as Nigeria’s financial and commercial hub.

In contrast, the South South leads in the ₦10M–₦99.9M revenue range, accounting for more than half of all MSMEs in this bracket, while the South East shows strength in the mid-level categories such as ₦200K–₦499.9K. The northern regions, particularly the North Central and North East, are far more concentrated at the lower end, with a significant share of MSMEs generating less than ₦100,000 monthly.

Source:

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

Period:

2025
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