Zambian user engaging with a digital wallet app on her phone, highlighting mobile financial solutions in Zambia.
A report by Moniepoint highlighted the proliferation of informal businesses in Nigeria. The growth of this sector is directly linked to the country’s high unemployment rate and challenges Nigerians face when trying to run a business with all due protocols. Said challenges have forced many aspiring business owners to opt for an alternative that exempts them from numerous barriers including ridiculous business taxes.