18 Inaugural Lecture – Igbinedion University,

THEY MAY BE SMALL BUT HOLD THE ACE FOR ECONOMIC GROWTH: THE RELEVANCE OF THE INFORMAL SECTOR IN NIGERIA.

Introduction

The informal sector is that part of any economy that is neither taxed nor monitored by any form of government. In developing economies, this sector though viewed as troublesome, fraudulent and disruptive to the national economy, it provides critical economic opportunities for the poor. Sadly, the poor is in the majority.

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