The paper examines the impact of informal sector activities on economic growth in Nigeria between
Economic indicators and the stock market performance in Nigeria have been one area of wide debate among the academia as well as the policy makers and implementers. The Nigerian economy and in particular the capital market have witnessed several developmental reforms in the past three decades. Many believe the reforms have rather had negative impact, while others believe otherwise. In view of the above, this recent study was embarked upon to ascertain empirically the relations between the reforms, stock market performance and economic growth over the periods of 1984 to 2014. The study employed the Generalized Method of Moment (GMM) among other technics for the analysis. Our result revealed that the reforms over the period of the study had positive significant impact on the stock market performance, and the stock market also had significant and positive effects on economic growth in Nigeria. The study concluded on the need to intensify reforms in the areas of market security, sensitization and widening the market participation zones to incorporate rural dwellers, as well as small and micro firms.
The concept of 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. And also, 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, poverty alleviation and growth is not fully understood. This paper seeks to investigate the Relationship between informal financial sector activities and poverty alleviation in Nigeria. A multivariate panel data approach was used with data from 150 informal sector operators in Gwagwalada area council-FCT. Data was collected using structured questionnaire and analyzed with appropriate technique in order to identify the perception of socioeconomic impact of Informal sectors on poverty alleviation in Nigeria. The findings revealed that informal financial sector operators has a positive and significant impact on poverty alleviation 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 make the sector becomes relevant.
The paper examines the socioeconomic impact of informal financial sector and inclusive growth in north central-Nigeria. The notion behind inclusive growth entails analysis how employment opportunities arise and change with growth process with time. Economic growth can be accompanied by an increase in informal sector employment. Informal financial sector may support growth by reducing cost of borrowing, collateral, bureaucratic process and improving competitiveness. However, a well-functioning and regulated informal financial economy will be a critical prerequisite to achieve sustainable growth in north central-Nigeria. And also, a widespread informal financial sector 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 in this region. This is because the link between, informal financial sector, 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 socioeconomic impact of informal financial sector activities, inclusiveness" and economic growth in north central-Nigeria. A systematic random sampling method was used to collect data from 500 informal financial sector operators in Abuja, kogi and Niger states. A multivariate panel logit model statistic was used to analyze the data in order to identify the perception of socioeconomic impact of Informal financial sectors on economic growth in north central-Nigeria. The findings revealed that informal sector operators has a positive and significant impact on growth in the region; 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.
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