IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

Informality, Inclusiveness and Economic Growth in Nigeria

Listed author(s):
  • Mohammed Yelwa
  • S.A.J. Obansa Awe
  • Emmanuel Omonoyi

    ()

    (Department of economics, university of Abuja, FCT –Nigeria, PMB 117, Gwagwalada, FCT)

Registered author(s):

    The concept of inclusive growth requires analysis of how employment opportunities arise and change with growth process. Economic growth can be accompanied by an increase in informal employment. Informality may support growth by reducing labor cost and improving competitiveness. However, a well-functioning and regulated informal economy will be a critical prerequisite to achieve sustainable growth. In addition, a widespread informality with regard to employment, enterprise, and productive activities is frequently perceived as a barrier to full participation in the economy and as a hindrance to long-run economic development and poverty alleviation. This is because the link between, informality, growth and inclusiveness is not fully understood. Inclusive growth has been defined as growth that takes place in a context in which economic opportunities-including employment opportunities expand, the poor’s access to these opportunities improves, and inequalities are reduced. This paper seeks to investigate the impact of informal sector activities, inclusiveness and economic growth in Nigeria. A survey method will be use to collect data from 150 informal sector operators in Gwagwalada area council-FCT. Data will be collected using structured questionnaire and analyzed with multivariate Panel Logit model statistic in order to identify the perception of socio-economic impact of Informal sectors on economic growth in Nigeria. The findings revealed that informal sector operators has a positive and significant impact on growth in Nigeria; while poverty-mentality, illiteracy, high inflation, low infrastructure, access to credit, social safety nets and information dissemination are the major problems encountered by these institutions. The paper recommends among other things the education of the rural poor to embark on viable projects, infrastructural development and favorable government policies so as to regulate the sector becomes relevant

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://researchleap.com/wp-content/uploads/2015/10/3.-Informality-Inclusiveness-and-Economic-Growth-in-Nigeria.pdf
    Download Restriction: no

    File URL: http://researchleap.com/informality-inclusiveness-and-economic-growth-in-nigeria/
    Download Restriction: no

    Article provided by Inovatus Services Ltd. in its journal International Journal of Management Science and Business Administration.

    Volume (Year): 1 (2015)
    Issue (Month): 10 (September)
    Pages: 33-44

    as
    in new window

    Handle: RePEc:mgs:ijmsba:v:1:y:2015:i:10:p:33-44
    Contact details of provider: Web page: https://researchleap.com/

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    as
    in new window


    1. Nitin Bhatt, 2002. "Determinants of Repayment in Microcredit: Evidence from Programs in the United States," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 26(2), pages 360-376, June.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:mgs:ijmsba:v:1:y:2015:i:10:p:33-44. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bojan Obrenovic)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.