Nigerian SME Confidence Signals a Digital Shift with Regional Implications for West Africa
**Executive Summary:** Nigerian SMEs are overwhelmingly confident (81%) and unified in their belief that digital payments are essential for growth, with 68% expecting revenue increases. The market is already in transition, with 57% of businesses operating hybrid physical-online models, yet the continued reliance on cash and bank transfers reveals a significant runway for further digital adoption. A critical bottleneck is access to capital, as one-third of SMEs sought external funding in the past year, underscoring that the key to unlocking this









