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Nigerian Women's Earnings Surge as the Middle Class Shrinks
Recent insights from the OhentPay report reveal a significant transformation in the earning patterns of Nigerian women in the UK, highlighting their remarkable journey amidst a contracting middle class. As the UK grapples with a cost-of-living crisis, the data shows that women are not only earning more but also challenging longstanding economic narratives.
The Changing Face of Earnings
OhentPay, a leading remittance application, reveals that by 2025, the percentage of Nigerian women in the UK earning between £50,000 and £125,000 has shot up almost threefold, from 5% to 12.9%. This notable increase stands against a backdrop where the middle class, defined as earners between £15,000 and £50,000, fell by 10% in the same period. As families navigate dual economies—balancing finances in the UK and supporting relatives back home—the shift underscores an urgent need to adapt and thrive in a challenging environment.
The Broader Economic Impact
Such measurable economic mobility among Nigerian women suggests an evolving workforce dynamic. With industries like technology and finance becoming increasingly welcoming, women are breaking into high-paying positions that were previously dominated by men. In 2024, men were three times more likely to earn over £50,000; by 2025, that ratio reduced to 1.8 times, indicating a closing gender gap in financial power.
Entrepreneurship as a Key Wealth Builder
Moreover, another standout statistic from the report reveals that Nigerian business owners are 21 times more likely to earn over £125,000 than their traditionally employed counterparts. This entrepreneurial spirit, characterized by resilience and innovation, showcases how Nigerians in the UK are using business ownership as a powerful strategy to carve out financial success in an increasingly competitive landscape.
Implications for Tech Entrepreneurs and Investors
For tech entrepreneurs and investors eyeing Africa’s tech landscape, the findings are illuminating. There lies potential for innovation targeted at supporting these emerging income patterns—especially solutions in fintech that facilitate economic growth for immigrants juggling transnational responsibilities. As Nigerian women continue to break barriers and redefine potential, there remains a rich opportunity for investors to tap into this ever-evolving sector.
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