FINANCIAL INCLUSION FOR INFORMAL BUSINESSES IN NIGERIA
FINANCIAL INCLUSION FOR INFORMAL BUSINESSES IN NIGERIA Introduction Nigeria’s informal sector is a paradox. It accounts for approximately 93% of employment and, following the 2025 GDP rebasing, contributed 42.5% of GDP in 2019 . Yet fewer than one in twenty micro, small, and medium enterprises (MSMEs) have access to bank credit . This gap—between the economic weight of informal businesses…
