With the right policies, legislators could harness the potential of the Nigerian informal economy The informal economy can be understood to be the part of an economy that is neither taxed, nor monitored by any form of government. Unlike the formal economy, the activities of the informal economy are not included in the gross national product (GNP) or the gross domestic product (GDP) of a country. Across Africa, the informal sector is widely perceived as a source of employment and livelihood for many people. Yet the sector fulfils many other economic functions, and this underlines the need for governments, through…
