Last edited by Tami
Tuesday, November 17, 2020 | History

5 edition of The informal sector in Nigeria"s development process found in the catalog.

The informal sector in Nigeria"s development process

S. I. Abumere

The informal sector in Nigeria"s development process

  • 167 Want to read
  • 5 Currently reading

Published by Development Policy Centre in Ibadan .
Written in English

    Places:
  • Nigeria,
  • Nigeria.
    • Subjects:
    • Informal sector (Economics) -- Nigeria.,
    • Nigeria -- Economic conditions -- 1970-

    • Edition Notes

      StatementS.I. Abumere, B.C. Arimah, T.A. Jerome.
      SeriesResearch report ;, Research report (Development Policy Centre (Ibadan, Nigeria)) ;, no. 1.
      ContributionsArimah, B. C., Jerome, T. A.
      Classifications
      LC ClassificationsHD2346.N5 A23 1998
      The Physical Object
      Paginationii, 106 p. ;
      Number of Pages106
      ID Numbers
      Open LibraryOL6826795M
      ISBN 109783460501
      LC Control Number00311241
      OCLC/WorldCa43859644

        Given Nigeria's poor infrastructure, informal market activities ease the cost of doing business. However, this formal-informal overlap comes with risks, especially when it comes to consumables. Unsurprisingly, health and safety are not a high priority in the informal sector, and it is genuinely difficult to monitor processes. MILLENNIUM DEVELOPMENT GOAL 7 IN METROPOLITAN LAGOS, NIGERIA Tunde AGBOLA Elijah M. AGUNBIADE Department of Urban and Regional Planning, University of Ibadan, Nigeria Abstract This study used a case study methodology to examine the issue of land tenure in the informal settlements of Lagos, Africa’s largest city. 4. Informal Sector 9 5. Composition of the Informal sector 11 6. The Local Money Lenders 11 7. Savings Association 13 8. Formal Sector 15 9. Central Bank of Nigeria 15 Nigeria Deposit Insurance Corporation (NDIC) 17 Nigeria Security and Exchange Commission (SEC) 19 forefront of policy debates in the developing countries, especially Nigeria. Recently, private sector has dominated the entrepreneurial development policies globally. Baig () opine that the private sector can contribute to economic growth, job creation, and national income and hence to national prosperity and competitiveness.


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The informal sector in Nigeria"s development process by S. I. Abumere Download PDF EPUB FB2

out of 5 stars Great book on informal sector in Nigeria. Reviewed in the United States on Ma Verified Purchase. This is a great book that discusses Nigerian holistically and makes a poignant observation of how the informal sector make up a large part of the economy and its workforce.

The author dives deep into the data (which 5/5(1). The fuzzy boundaries and intertwined nature of informal and formal sectors in Nigeria has varied impact on the economy. In this paper, we investigate the informal sector from apprenticeship. PDF (2MB) Describes both the progress of and continuing obstacles to skills development in the informal sector in Nigeria.

Informal workers in Nigeria are not only less literate than formal workers, but also earn less and – like in many other countries -- reap a smaller return on education.

of people who look to the informal sector for economic survival. The Nigerian Informal Sector (IS) is a major contributor to the Nigerian economy, accounting for a significant portion of employment and national GDP.

According to the IMF, the Nigerian informal sector accounted for ~65% of Nigeria. Skills Development in the Informal Sector: Nigeria Surveys in other chapters of this book provide the researcher with different options for measuring the informal sector.

Some relate to the conditions of work (social security, formal contracts, and so on) and others. Generally speaking, the contributions of the informal sector to the development of the Nigerian economy cannot be over emphasized in terms of employment generation, capital savings and.

Informal sector constitutes a significant segment of the Nigerian economy. The sector thereby contributes to the Gross Domestic Product (GDP) and employment and contributes significantly to economic development of Nigeria in general (Omisakin,) cited in (Atah et al.

32). Generally speaking, the contributions of the informal sector to the development of the The informal sector in Nigerias development process book economy cannot be over emphasized in terms of employment generation, capital savings and mobilization, efficiency, strong linkages with other sectors, utilization of local technology training ground for entrepreneurs and.

Fapohunda ( 39) also notes that the informal sector plays several roles in the growth and development of the Nigerian economy. It provides productive outlets for a large number of people who prefer or have to be self-employed consequently contributing to the national economy in terms of output and employment.

“This study on ‘Informal Sector and Economic Development in Nigeria’ is important and timely because empirical understanding of the Nigerian informal sector including its size, structures, processes and practices is critical for economic planning, including employment creation and for poverty alleviation,” he said.

No tags for this post. Nigeria’s informal sector is also the employer of the largest number of citizens. The federal government and other stakeholders must roll out measures to provide temporary support to the informal sector.

Nigeria must design and roll out measures to support targeted groups and individuals in this sector. By Michael Oche, Abuja Workers in the nation’s informal sector under the umbrella of Informal Workers’ Organizations of Nigeria (FIWON), have lamented that workers and.

The design of this systematic literature review (SLR) was structured to assess the contributions of the informal sector to the Gross Domestic Products (GDPs) of SA and Nigeria based on evidence gathered from the literature.

A SLR comprises both a quantitative, bibliographical analysis, together with a more qualitative thematic approach [ 30 ]. Nigeria’s informal economy has grown considerably over the last decade.

These are the individuals and micro-enterprises whose economic well-being is birthed and buoyed on the fringes of the formal economy; business activities that remain unregulated, and oftentimes, completely unknown.

Abumere, SI, BC Arimah and TA Jerome [] The Informal Sector in Nigeria’s Development Process. Ibadan, Nigeria: Development Policy Centre: DPC Research Report 1.

Google Scholar; Adedokun, O and O Akande [] Nigeria: Economic liberalization and women in the informal sector in rural Nigeria. The informal economy by contrast has grown faster in size at an annual average rate of about % between and Growing Nigeria’s informal economy would require skills development, cheaper credit accessibility and improved power supply.

The structure of Nigeria’s informal economy. Definitions of informal economy, informal sector and informal employment The concept of “informality” was first introduced in the s (Hart, [1]; ILO, [2]).

For more than four decades, there has been much discussion on the causes of informality around the world but also about the definition and the measurement of informality. 'This book is timely and important.

Developing countries need to build development strategies and design public policies on the basis of what they have.' Bengt-Åke Lundvall - Aalborg University, Denmark and Secretary General, Globelics 'This book encourages policy makers to better enable innovation in the informal sector.

Richard B. Freeman, in Handbook of Development Economics, 9 The Informal Sector. The majority of workers in developing countries work in the informal sector. 18 The traditional view has been that economic growth shrinks the informal sector and that as it does, more workers will gain the higher pay and economic security of the formal sector.

This underlies the unease that the World. However, while the bill focuses on providing relief to formal sector businesses, 65 percent of Nigeria’s total GDP comes from the informal sector, which also. The informal sector of the economy often refers to the unregulated and mostly unregistered sector of the economy, put simply it refers to the numerous petty or small scale businesses operated by artisans, peasants and other micro entrepreneurs, within the economy.

Experts have argued that in most African economies, the informal sector is often the Continue reading "The Role of the Informal. The Urban Informal Sector is a collection of papers presented at a multi-disciplinary conference on ""The urban informal sector in the Third World,"" organized by the Developing Areas Study Group of the Institute of British Geographers in London on Ma   The National Bureau of Statistics has released its GDP report by formal and informal sector revealing that the informal sector’s share of the Nigerian economy is about %.

Nigeria’s GDP as at the end of was about N trillion out of which N trillion is from the informal and another N trillion formal. The poverty situation in Nigeria, as reflected in the World Bank's Atlas of Sustainable Development Goals is a matter for concern.

It shows that 35 million more Nigerians were living in extreme poverty in than in The Atlas tracks the progress being made by countries with regard to meeting the development. The informal sector in urban Nigeria: Reflections from almost four decades of research Victor Onyebueke & Manie Geyer Peer reviewed and revised Abstract The rapid expansion of the informal sector or economy in both developed and developing countries has not only captured the attention of researchers, development.

development for the informal sector in particular with respect to the responsiveness of the programmes to labour demand (World Bank, ). The part this study is addressing among the four parts is the skills development for the informal sector in Nigeria which.

The informal sector dominates India’s economic life, so issues of skills development are particularly important. On the basis of a survey of 49 street food vendors in the Indian cities of New Delhi and Coimbatore, the authors of this article demonstrate that informal learning is a particularly significant form of vocational education and training.

This study evaluates the effects of the informal sector on Nigerian workers’ livelihoods and analyses workers’ transitions within the informal sector and between informal and formal employment. A binary logit model is applied to General Household Survey panel data for the periods /11, /13, and / We find that informal employment has the greatest impact on workers.

ing statistics on the informal sector from country to country. The ILO’s own efforts to compare the informal sector in Sub-Saharan Africa substantiate these complexities.1 By comparing results from different definitions of the informal sector, this book points to.

proved to be a very difficult year in Nigeria. Ngozi Okonjo-Iweala, Nigeria’s former Finance Minister warned, just before leaving office, that her successor would face a “difficult” year due to plunging oil revenues.

She opined that the economy needs expert management to weather the storm. “We have a serious situation with a cash crunch,” she stated in an interview in Cape Town. Despite being labelled ‘troublesome’ by policymakers, Nigeria’s informal economy accounted for about 65% of its Gross Domestic Product in The informal sector, spanning a wide range of economic activities from street trading to subsistence farming, refers to commerce that is not monitored by the government and insufficiently covered by documented arrangements.

“Development is not about high-rise buildings and flyover bridges,” argues Gbenga Komolafe, general secretary of the Federation of Informal Workers’ Organizations of Nigeria.

He argues that development should also be about people and “how their basic needs are taken care of”. The article explains how the informal sector has evolved in Nigeria over the last 50 years; the extent to which government policies and programs have facilitated or constrained the sector, and how informal sector enterprises and settlements can be upgraded and progressively integrated into the urban development mainstream.

the informal sector from which little or no taxes are being collected. To resolve this discrepancy, it plans to introduce a presumptive tax regime aimed at taxing the rms in the informal sector. In this paper, I analyze the e ect of di erent presumptive taxation policies on the size of the informal sector, tax revenue, output and welfare.

Informal economic activities in Nigeria encompass a wide range of small-scale, largely self-employment activities. Most of them are traditional occupations and methods of production. Of particular interest to this study is the informal productive sub-sector which encompasses all economic activities involving the production of tangible goods.

Participants, drawn from affiliate unions of NLC and TUC and informal sector workers in the state, also acknowledged and commended the CBN's development financing interventions in transportation.

For the oil sector, it noted that Nigeria could do little about international prices, but It must focus on increased production and local processing since the sector by itself and through its. Akintoye, I.R() “Enhancing the performance of the Informal Sector for the Economic Development of Nigeria: A Case Study of Lagos State” International Journal of Social Sciences, Vol.

5 No 1, pp Berger and Byvinie () ” Nature and determinants of the linkages between informal and formal sector enterprises in Nigeria”. Though Nigeria approved a national solid waste management policy earlier this year, it does not provide a plan to include the large informal sector.

An inclusive policy is one recognising and. You can write a book review and share your experiences. Other readers will always be interested in your opinion of the books you've read.

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Title: Multidimensional poverty analysis and informal sector in nigeria, Author: Alexander Decker, Name: Multidimensional poverty analysis and informal sector in nigeria, Length: 10 pages, Page: 1.The informal sector which ought to be a saving grace for the unemployed has continued to suffer from comprehensive absence of Social protection, vocational education facilities, access to the business friendly credits, unfair competition through dumping of manufactured goods from more industrialized countries, inadequate infrastructure, lack of.

The group also said that the informal sector in Nigeria is defined by a lack of access to basic social protection services especially old-age care and support, maternity care and support as well.