Following a joint request from the Federal Government of Nigeria and the Governments of Kaduna and Lagos states, the Inclusive Business Action Network commissioned a landscape study to determine the status of inclusive business (IB) in Nigeria. The study objectives were to (a) study Nigeria’s business environment to identify how best to advocate for inclusive business, while being mindful of the Nigerian context, (b) identify business organisations that can adopt the IB methodology to escalate positive social and economic impacts in Nigeria, (c) identify specific government institutions that can provide the needed incentives to encourage inclusive business models, and (d) recommend appropriate policy initiatives and institutional reforms that will help promote inclusive business in Nigeria. The study focused on Lagos and Kaduna states at the subnational level, and on the relevant institutions and business associations at the national level. This report provides the insights from the study.