50% of businesses in Nigeria family-owned, says Moniepoint

Of every two businesses in Nigeria, one is family-owned, a study by Moniepoint has stated.

The report, released on Wednesday, noted that a lack of governance structure and succession planning were some of the challenges facing family businesses in the country.

According to the fintech firm, the future of family-owned businesses remained bright due to the resilience of their operators.

Read more at Punchng

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