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Title
An Explorative Study of the Contribution of the Informal Sector to Economic Activities in Lagos, Nigeria |
Full text
http://eprints.covenantuniversity.edu.ng/9051/1/CATHY%20TOYIN%20PAPER.pdf |
Date
2017 |
Author(s)
OTEKHILE, O. Cathy-Austin; Matthew, Oluwatoyin |
Abstract
The informal sector plays a vital role in providing employment for the teeming unemployed in Nigeria. Therefore, this study is a critical appraisal of the pros and cons of street trading and shows that with proper regulation and control; within the parameters of freedom to economic opportunity and success, street trading could be a positive though not a core force in the socio-economic transformation and development of poorer urban communities. The study is a descriptive one that shows that the impracticality and vague regulations need not prevent street traders from exercising their innovativeness. This represents a challenge to the view that prosperity can be attained only by promoting large-scale public and private economic enterprises and suggests the need to provide everybody with the latitude to contribute their own share; however meager individual contributions and accomplishments may appear. The major findings revealed that street trading is one of the ways of providing employment and generating a source of livelihood for the unemployed. Hence, the Federal Government of Nigeria should encourage the emergence of micro businesses by providing loans to their operators. |
Subject(s)
H Social Sciences (General) |
Relation
http://eprints.covenantuniversity.edu.ng/9051/ |
Type of publication
Conference or Workshop Item; PeerReviewed |
Format
application/pdf |
Identifier
OTEKHILE, O. Cathy-Austin and Matthew, Oluwatoyin (2017) An Explorative Study of the Contribution of the Informal Sector to Economic Activities in Lagos, Nigeria. In: 20th International Scientific Conference 'Enterprise and Competitive Environment, March 9'10, 2017, Brno, Czech Republic. |
Repository
Nigeria - Covenant University
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Added to C-A: 2017-09-04;10:17:46 |
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