In a significant collaboration aimed at shedding light on the evolving dynamics of Nigeria’s informal economy, TechCabal, a leading technology news platform, has partnered with Moniepoint, a prominent fintech company, to host a series of discussions exploring how technology is reshaping this vital sector.
The informal economy, which comprises a large portion of Nigeria’s workforce and business activities, has historically faced challenges such as limited access to formal financial services, lack of infrastructure, and inadequate regulatory support. However, with rapid advancements in technology, especially in fintech, mobile communication, and digital payments, the sector is undergoing a transformation that is creating new opportunities for millions of informal traders, artisans, and small business owners.
The partnership between TechCabal and Moniepoint seeks to highlight these changes through panel discussions, interviews, and research reports. The conversations will focus on key themes such as financial inclusion, digital payments adoption, credit accessibility, and the role of mobile technology in empowering informal sector players.
Speaking on the partnership, TechCabal’s Editor-in-Chief, who emphasized the need to better understand the informal economy’s potential, stated, “Technology is no longer just a tool for formal businesses. It is increasingly becoming a lifeline for informal traders who drive the Nigerian economy. Our collaboration with Moniepoint aims to bring these stories to the forefront and explore how digital innovation can further unlock growth.”
Moniepoint’s CEO also expressed enthusiasm about the initiative, noting, “Our mission has always been to democratize financial services, and the informal economy is a key focus. By partnering with TechCabal, we hope to share insights and drive conversations that inspire actionable solutions for informal businesses.”
This partnership promises to provide valuable perspectives on how tech-driven solutions can help bridge gaps, promote entrepreneurship, and ultimately improve livelihoods in Nigeria’s informal economy.
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