Initial startup capital received by micro-enterprises in retail trade in Nigeria 2020
In 2020, most of the micro-enterprises (MEs) within the wholesale and retail trade sector in Nigeria - over 5.3 million - each received an initial startup funding that was less than conversion Nigerian naira (NGN), equivalent to roughly 120 U.S. dollars. In contrast, 122,434 micro-enterprises in the same sector each secured an initial startup capital between 901,000 NGN and one million NGN (roughly 2,167 to 2,405 U.S. dollars).