Nigeria’s gig economy has grown into a major economic force, now valued at $5.17 billion, providing flexible income opportunities for millions of people across the country.
A new report commissioned by ride-hailing company Bolt and conducted by research firm Ipsos shows the sector is expanding rapidly and playing a key role in supporting livelihoods.
Millions Join Platform-Based Work
According to the report, about 3 million Nigerians are actively participating in gig work, including ride-hailing drivers, e-commerce workers, freelancers, and other platform-based roles.
Ride-hailing accounts for about 24 per cent of participation, making it one of the most accessible entry points into the gig economy.
Growth Driven by Job Flexibility
Many Nigerians are turning to gig work due to the flexibility it offers, especially in an economy where formal employment opportunities remain limited.
Platforms such as Bolt, Uber, and Jumia allow individuals to earn income on their own schedule, either as a primary source of income or as a side hustle.
The report also indicates that the gig economy contributes approximately 2.8 per cent to Nigeria’s Gross Domestic Product (GDP).
E-commerce Leads Participation
E-commerce accounts for the largest share of participation at 38 per cent, followed by ride-hailing services.
Experts say this growth reflects how digital platforms are helping to bridge employment gaps and provide alternative income sources for millions of Nigerians.
Benefits and Challenges
For many individuals, gig work has become a vital source of income, particularly amid rising living costs.
However, challenges remain, including low earnings per trip, high vehicle maintenance costs, and the absence of formal benefits such as health insurance and pensions.
Calls for Better Suppor
tStakeholders have called for improved support systems, including fairer pay structures, better infrastructure, and policies to protect gig workers.
The report suggests that with the right investment and regulation, the sector could create more jobs and contribute more significantly to Nigeria’s economic growth.
