Reporting by **The Nation** indicates that Nigeria’s gig economy has now surpassed a market valuation of $5.17 billion, contributing roughly 2.8% to the national Gross Domestic Product. A nationwide study conducted by Ipsos and commissioned by Bolt highlights how ride-hailing and other digital platforms are becoming vital income streams in a shifting labor market.
The report suggests that the lack of traditional formal employment is pushing more Nigerians toward the “flexible earning” model. Experts noted that digital platforms provide a practical way to generate immediate revenue while allowing for personal autonomy in work schedules across major urban centers like Lagos and Abuja.
The development was validated by **Vanguard**, which highlighted that “platform work is redefining the informal sector,” while **The Guardian** noted that “policymakers must now move to regulate and protect these digital workers.”
**Echotitbits take:** The gig economy is the new safety net. As it scales, expect a legislative push for “digital labor rights” to ensure that these $5.17 billion gains are not made at the expense of worker welfare.
Source: The Punch – https://punchng.com/e-commerce-ride-hailing-boost-nigerias-gig-economy-to-5-17bn/, April 17, 2026
Photo credit: The Punch
