Nigeria is a Poor Country with many Self-employed!
A nation where everyone is an employer and business owner is poor. That is why we do not want everyone running his/her shop in Nigeria (sure, I am going against the World Bank talking points of empowering the people). This data is close to reality. Yes, everyone in your village is self-employed.
About 78% of our working population work in agriculture and most are self-employed. Nations rise when big companies can evolve to hire thousands, and utilize economies of scale to fix bigger frictions. But where that does not happen, everyone runs his or her shop, scaling poverty in communities.
If your self-employed number is above 50%, you are a super-poor country because your national inefficiencies will compound.
Register for Tekedia Mini-MBA edition 19 (Feb 9 – May 2, 2026): big discounts for early bird.
Tekedia AI in Business Masterclass opens registrations.
Join Tekedia Capital Syndicate and co-invest in great global startups.
Register for Tekedia AI Lab: From Technical Design to Deployment (begins Nov 15th).
