According to a study conducted at the end of 2020, informal businesses were more likely to stay open during the pandemic than formal enterprises. In fact, ** percent of informal businesses declared they never closed as of the survey period, while the share of formal businesses that continued their operations was ** percent.
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UNDP, & NBS (Nigeria). (September 22, 2021). Formal and informal business closures in Nigeria as of 2020 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /statistics/1265241/opening-status-among-formal-and-informal-businesses-in-nigeria/
UNDP, und NBS (Nigeria). "Formal and informal business closures in Nigeria as of 2020." Chart. September 22, 2021. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /statistics/1265241/opening-status-among-formal-and-informal-businesses-in-nigeria/
UNDP, NBS (Nigeria). (2021). Formal and informal business closures in Nigeria as of 2020. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /statistics/1265241/opening-status-among-formal-and-informal-businesses-in-nigeria/
UNDP, and NBS (Nigeria). "Formal and Informal Business Closures in Nigeria as of 2020." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 22 Sep 2021, /statistics/1265241/opening-status-among-formal-and-informal-businesses-in-nigeria/
UNDP & NBS (Nigeria), Formal and informal business closures in Nigeria as of 2020 ÌÇÐÄÆƽâ°æ, /statistics/1265241/opening-status-among-formal-and-informal-businesses-in-nigeria/ (last visited July 31, 2026)
Formal and informal business closures in Nigeria as of 2020 [Graph], UNDP, & NBS (Nigeria), September 22, 2021. [Online]. Available: /statistics/1265241/opening-status-among-formal-and-informal-businesses-in-nigeria/
