Country
Nigeria

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"The extensive and ever-increasing penetration of mobile phones in developing and emerging markets presents a significant opportunity to women entrepreneurs who want to develop their micro businesses into flourishing small and growing enterprises. The objective of this study was to identify the most useful mobile value added services (VAS) solutions which would enable women entrepreneurs to advance their businesses in selected geographies. As a result of this identification exercise, this report serves as a valuable reminder that investment in mobile VAS presents promising and beneficial outcomes for commercial stakeholders, nongovernmental organisations (NGOs), governments and women entrepreneurs alike."

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"Impact investment is a strategy to align the power of private markets to the social and environmental development needs of society at-large. From 2012-13, the Rockefeller Foundation, through its Impact Investing initiative, funded research in five Sub-Saharan African countries with the aim of understanding the barriers for impact investing across Africa, as well as recommending national policies to encourage the growth of the industry. This report synthesises the findings of that work, presents three frameworks, and examines the potential of impact investing as a 'strategy of choice' for African policymakers."

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"This knowledge brief aims to provide an overview of the IMM landscape in Nigeria and draws lessons from organizations who have IMM experience in West Africa. The knowledge brief focuses on providing an understanding of how impact is defined by some organizations, what elements they take into consideration when designing an IMM strategy, why they measure impact, the upsides and downsides of standardization, challenges they face in measuring and managing impact, and how they utilize data to drive impact. The knowledge brief also shares the IMM journey of three organizations: Aspire Coronation Trust (ACT) Foundation, LEAP Africa and MBC Africa, and provides recommendations on implementing IMM."

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"This report summarizes the results of a survey that the Fate Foundation in partnership with Budgit Nigeria designed. It was disseminated to better understand the impact of the COVID-19 pandemic on Nigerian Micro, Small and Medium Enterprises (MSMEs) with the goal of engaging relevant stakeholders within the entrepreneurship ecosystem to solutions and interventions to support Nigerian MSMEs during and post COVID-19. The survey was targeted at micro, small and medium businesses across the 36 states in Nigeria including the FCT. This report also provides in-depth recommendations for government, enterprise support organizations, private and development sector stakeholders on policy and program design as well as implementation approaches."

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"Almost all firms in developing countries have fewer than ten workers, with a modal size of one. Are there potential high-growth entrepreneurs, and can public policy help identify them and facilitate their growth? A large-scale national business plan competition in Nigeria provides evidence on these questions. Random assignment of US$34 million in grants provided each winner with approximately US$50,000. Surveys tracking applicants over five years show that winning leads to greater firm entry, more survival, higher profits and sales, and higher employment, including increases of over 20 percentage points in the likelihood of a firm having ten or more workers."

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"As part of a series of ecosystem maps, with the support of the Citi Foundation, our West Africa Regional Chapter released a snapshot providing insight into the Abuja entrepreneurial ecosystems. This snapshot was produced through a review of existing literature, a series of surveys and interviews, as well as stakeholder meetings."

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"As part of a series of ecosystem maps, with the support of the Citi Foundation, our West Africa Regional Chapter recently released a snapshot providing insight into the Lagos entrepreneurial ecosystem. This snapshot was produced through a review of existing literature, a series of surveys and interviews, as well as stakeholder meetings."

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"This report provides an analysis of the impacts of COVID-19 on Nigeria by first providing an overview of the global situation and Nigerian context, including the response to-date, then by estimating and describing the potential economic impact of COVID-19 on the broader economy and by sector, with a focus on MSMEs. Finally, the report identifies four categories of actions to support the economic recovery: the usual suspects, the unusual suspects, short-term actions, and medium-term actions."

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"Market Systems Development (MSD) is an approach to poverty reduction that aims to create long-lasting and large-scale change by stimulating more inclusive growth. To achieve a systemic change vision, market systems programmes often partner with the private sector to introduce new or improved business practices, products and services. Understanding the mechanics of these business models is at the heart of programme success. This paper presents a framework for assessing the efficacy of business models. To help future practice be grounded in reality, we have included detailed business model cases studies from market systems programmes in Afghanistan, Zambia, Kosovo and Nigeria. The paper ends by extracting five key lessons for implementers to improve the way in which they engage with the private sector in building 'win-win' models."

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"Management has a large effect on the productivity of medium and large firms. But does management matter in micro and small firms, where the majority of the labor force in developing countries works? We develop 26 questions that measure business practices in marketing, stock-keeping, record-keeping, and financial planning. These questions have been administered in surveys in Bangladesh, Chile, Ghana, Kenya, Mexico, Nigeria, and Sri Lanka. We show that variation in business practices explains as much of the variation in outcomes-sales, profits, and labor productivity and total factor productivity-in microenterprises as in larger enterprises."

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