Number of male business owners in Nigeria
Nigeria: Number of male business owners was 353,893 in 2020. ▲ Rising
Latest (2020)
353,893
Change on year
up 0.9%
World rank
1st
of 72 countries
All-time high
354,579
in 2018
All-time low
299,571
in 2015
Years of data
6
2015–2020
Number of male business owners in Nigeria, 2015–2020
Source: World Bank's Entrepreneurship Survey and database (https://www.worldbank.org/en/programs/entrepreneurship). Downloaded on May 2, 2026.
Analysis
Nigeria recorded 353,893 for number of male business owners in 2020.
That represents a change of up 0.9% on the previous year and up 18.1% over ten years.
Nigeria ranks 1st of 72 countries on this measure, in the top 10%.
Number of male business owners in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2015 | 299,571 | — |
| 2016 | 332,884 | +11.1% |
| 2017 | 336,890 | +1.2% |
| 2018 | 354,579 | +5.3% |
| 2019 | 350,687 | -1.1% |
| 2020 | 353,893 | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 334,922 | 299,571 | 354,579 | 5 |
| 2020s | 353,893 | 353,893 | 353,893 | 1 |
Countries ranked near Nigeria
- 2 United Arab Emirates 176,241
- 3 Italy 130,091 compare
- 4 Türkiye 125,873 compare
More private sector data for Nigeria
- Merchandise trade 33.3% (2025)
- Food imports 11.0% (2024)
- Manufactures imports 46.0% (2024)
- Merchandise imports 41.45 billion current US$ (2025)
- Food exports 6.0% (2024)
- Manufactures exports 3.5% (2024)
- Merchandise exports 55.47 billion current US$ (2025)
- Merchandise exports (current US$), per capita 233.52 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1907 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 4.03 % change on previous year (2025)
Frequently asked questions
- What is number of male business owners in Nigeria?
- Number of male business owners in Nigeria was 353,893 in 2020, according to World Bank's Entrepreneurship Survey and database (https://www.worldbank.org/en/programs/entrepreneurship). Downloaded on May 2, 2026.
- What is the highest number of male business owners recorded in Nigeria?
- The highest recorded value was 354,579 in 2018.
- What is the lowest number of male business owners recorded in Nigeria?
- The lowest recorded value was 299,571 in 2015.
- How does Nigeria rank for number of male business owners?
- Nigeria ranks 1st out of 72 countries with data for 2020.
- Is number of male business owners rising or falling in Nigeria?
- Over the last ten years it is up 18.1%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from World Bank's Entrepreneurship Survey and database (https://www.worldbank.org/en/programs/entrepreneurship). Downloaded on May 2, 2026, published as part of Number of male business owners. Statizoid updates them automatically from the source API.
Download this data
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About this data
Number of male business owners is the number of male individuals that own at least one share of a limited liability company that was newly registered in the calendar year.