Family-owned businesses contribute over $200 billion to the Nigerian economy. This is particularly important, considering that these businesses account for one in two Nigerian businesses.

As the business banking partner for millions of businesses across Nigeria, we’ve seen how often businesses in the country are run by members of the same family. In 2023, we were awarded the PwC Rising Star Family Business Award, reinforcing the impactful of our work on businesses in this sector.

Excited by this, we’ve explored the world of family-owned businesses, which form the backbone of Nigeria’s economy. Our latest case study explores these family-owned businesses and how they contribute significantly to Nigeria’s economy despite their varying sizes and sectors.

In this case study, you’ll get insight into what keeps these businesses going across generations, how they navigate challenges, and their opportunities for growth and innovation.

But that can’t be, all right? Yes, we’re doing more than just research. At Moniepoint, we pride ourselves on being more than just a financial services provider; we partner with businesses to help them gain financial happiness. We’ve also highlighted how our services have helped several family-owned businesses improve operations through simplified payment collection, cash flow management, and access to capital. 

This deep dive highlights remarkable examples of thriving family-owned businesses we support. 

To learn more, visit casestudies.moniepoint.com/familybusinesses; and if you’d like a great financial partner for your own family-owned business, click here to experience firsthand what several family businesses already enjoy.