WATCH: Charles and Charity Nwobodo share their business journey with the Small Firm Diaries
According to the Small Firm Diaries 2022 Report, In Nigeria, MSMEs, make up 96% of companies in the country and provide 84% of job opportunities. These small firms represent an “invisible middle,” different from microenterprises and larger than professionalized firms. The Small Firm Diaries followed the financial lives of 161 small businesses in Nigeria between […]
5 Key Takeaways from the Small Firm Diaries Nigeria Report
The Small Firm Diaries is a global research project conducted between 2021 and 2023 in seven countries: Kenya, Nigeria, Uganda, Ethiopia, Indonesia, Fiji, and Colombia.
Published by Michelle Kempis, global research manager at Financial Access Initiative Research Center of New York University and Timothy Ogden, managing director at FAI in partnership with the Nigerian National Bureau of Statistics and the Lagos Business School, the report aims to better understand small firms in low-income neighborhoods of developing countries.