According to a study conducted at the end of 2020, the most common reason for business closure in Nigeria was the coronavirus (COVID-19) outbreak. Some ** percent of the businesses that were closed during the survey period declared that the closure was due to the pandemic. In addition, about ** percent of the enterprises closed for lack of demand.
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UNDP, & NBS (Nigeria). (September 22, 2021). Reasons for closure among business enterprises in Nigeria as of 2020 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 01, 2026, from /statistics/1265231/reasons-for-closure-among-businesses-in-nigeria/
UNDP, und NBS (Nigeria). "Reasons for closure among business enterprises in Nigeria as of 2020." Chart. September 22, 2021. ÌÇÐÄÆƽâ°æ. Accessed August 01, 2026. /statistics/1265231/reasons-for-closure-among-businesses-in-nigeria/
UNDP, NBS (Nigeria). (2021). Reasons for closure among business enterprises in Nigeria as of 2020. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 01, 2026. /statistics/1265231/reasons-for-closure-among-businesses-in-nigeria/
UNDP, and NBS (Nigeria). "Reasons for Closure among Business Enterprises in Nigeria as of 2020." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 22 Sep 2021, /statistics/1265231/reasons-for-closure-among-businesses-in-nigeria/
UNDP & NBS (Nigeria), Reasons for closure among business enterprises in Nigeria as of 2020 ÌÇÐÄÆƽâ°æ, /statistics/1265231/reasons-for-closure-among-businesses-in-nigeria/ (last visited August 01, 2026)
Reasons for closure among business enterprises in Nigeria as of 2020 [Graph], UNDP, & NBS (Nigeria), September 22, 2021. [Online]. Available: /statistics/1265231/reasons-for-closure-among-businesses-in-nigeria/
