The currency conversion rate was as of March 30, 2022.
According to the source, the survey was conducted across 36 states of the Nigerian Federation and the Federal Capital Territory, Abuja. It adds that, 400 households with micro-enterprises per state were surveyed, alongside nationwide SMEs which cut across 16 economic sectors.
Citation formats
Startup capital among micro enterprises in mining and quarrying in Nigeria 2020
In 2020, the majority of micro-enterprises (MEs) in the mining and quarrying sector in Nigeria - over * businesses - each received an initial startup funding that was less than * Nigerian naira (NGN), equivalent to roughly *** U.S. dollars. In contrast, micro-enterprises in the same sector each secured an initial startup capital between ** NGN and ** NGN (between roughly and U.S. dollars).
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.
Small and Medium Enterprise Development Agency of Nigeria. (August 13, 2021). Initial startup funding secured by micro enterprises (MEs) in the mining and quarrying sector in Nigeria in 2020 (in 1,000 Nigerian naira) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 30, 2026, from /statistics/1299695/initial-startup-capital-among-mes-in-mining-and-quarrying-in-nigeria/
Small and Medium Enterprise Development Agency of Nigeria. "Initial startup funding secured by micro enterprises (MEs) in the mining and quarrying sector in Nigeria in 2020 (in 1,000 Nigerian naira)." Chart. August 13, 2021. ÌÇÐÄÆƽâ°æ. Accessed July 30, 2026. /statistics/1299695/initial-startup-capital-among-mes-in-mining-and-quarrying-in-nigeria/
Small and Medium Enterprise Development Agency of Nigeria. (2021). Initial startup funding secured by micro enterprises (MEs) in the mining and quarrying sector in Nigeria in 2020 (in 1,000 Nigerian naira). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 30, 2026. /statistics/1299695/initial-startup-capital-among-mes-in-mining-and-quarrying-in-nigeria/
Small and Medium Enterprise Development Agency of Nigeria. "Initial Startup Funding Secured by Micro Enterprises (Mes) in The Mining and Quarrying Sector in Nigeria in 2020 (in 1,000 Nigerian Naira)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 13 Aug 2021, /statistics/1299695/initial-startup-capital-among-mes-in-mining-and-quarrying-in-nigeria/
Small and Medium Enterprise Development Agency of Nigeria, Initial startup funding secured by micro enterprises (MEs) in the mining and quarrying sector in Nigeria in 2020 (in 1,000 Nigerian naira) ÌÇÐÄÆƽâ°æ, /statistics/1299695/initial-startup-capital-among-mes-in-mining-and-quarrying-in-nigeria/ (last visited July 30, 2026)
Initial startup funding secured by micro enterprises (MEs) in the mining and quarrying sector in Nigeria in 2020 (in 1,000 Nigerian naira) [Graph], Small and Medium Enterprise Development Agency of Nigeria, August 13, 2021. [Online]. Available: /statistics/1299695/initial-startup-capital-among-mes-in-mining-and-quarrying-in-nigeria/
