The Nigeria FMCG Industry Report 2026, published by Omni, has revealed that only 18 per cent of retailers in the country have accessed formal loans, underscoring the scale of financial exclusion in the fast-moving consumer goods sector.
The report, which was unveiled in Lagos on Friday by the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, showed that 74 per cent of retailers rate access to credit as very important to sustaining daily operations, yet more than half indicated active shortfalls that directly affect their ability to restock on time.
“Approximately 74 per cent of retailers identify access to credit as critical to sustaining daily operations, yet only 18 per cent have accessed formal loans,” it stated.
The report stated that Nigeria remains one of Africa’s largest consumer markets, with an estimated FMCG market value of $25bn and a population of around 238 million people.
The study also noted that FMCG credit sales reached N325bn in the first half of 2025, a 55.4 per cent year-on-year increase, signalling that credit is becoming a strategic tool rather than a distress measure.
