B
Evidence Grade B
Graded
accuracy verified by the review judge
Safe to Cite
Current
11%
11% -- market growth rate for Nigeria food service market (2026)
Nigeria's food service market is projected to expand at more than 11% annually, reaching $19.3 billion by 2030.
- Rate is stated as 'more than 11 percent annually'
Attribution:
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Lighthouse Research Team
Last verified:
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Source verified
Evidence graded
Value
11%
Unit
Percentage
Data Vintage
2026
Entity
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
Score breakdown
Extraction
50
Source Trust
60
Citation Chain
20
Independence
30
Methodology
45
Freshness
95
Source
billionaires.africa
Primary
Tier C
https://www.billionaires.africa/2026/03/23/nigerian-entrepreneur-tosin-eniolorundas-moniepoint-acqui… ↗
Source Article
Moniepoint acquires Orda Africa
Table of Contents
Moniepoint has acquired Orda Africa, integrating the startup's cloud-based restaurant management software into its platform, Moniebook, and creating a unified system that connects orders, payments, inventory and accounting for food vendors and restaurants. The deal extends Moniepoi…
Original Research
billionaires.africa
· Original study ↗
Methodology
Growth projection cited in news article; original source not stated
Methodology documented
Segmentation
Industrymarketing
Cite this stat
Plain Text
Nigeria food service market: 11% market growth rate. Source: billionaires.africa (2026). Via Lighthouse Intelligence -- https://lighthousedata.io/data/nigeria-food-service-growth-rate
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<blockquote cite="https://lighthousedata.io/data/nigeria-food-service-growth-rate" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>11%</strong> -- market growth rate for Nigeria food service market<br><small>Source: billionaires.africa (2026) · <a href="https://lighthousedata.io/data/nigeria-food-service-growth-rate" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
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