How Young Nigerians Are Building Businesses Before They Raise Money.
Mobile data, transport, electricity, and time all cost money, and no national dataset shows how many Nigerian firms literally started from nothing.
The clearer trend is different: more young people are trying to make a first sale before taking a loan, renting a shop, or filling a storeroom.
Moniepoint’s […] The post How Young Nigerians Are Building Businesses Before They Raise Money appeared first on Vanguard News .
“Zero-capital business” is a loose description. Moniepoint’s 2025 informal-economy report found that 38% of operators went into business because they could not find work, while its earlier research put 57.7% of informal-business owners below age 34. Credit Is Still an Expensive First Step The Central Bank of Nigeria cut its Monetary Policy Rate to 23% in September 2026 after leaving it at 26.5% in July. That rate is not the same as the borrowing cost a small trader sees at street level, but it still shapes credit conditions across the system.
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with Vanguard.