Nigeria’s informal economy has grown considerably over the last decade. These are the individuals and microenterprises whose economic well-being is birthed and buoyed on the fringes of the formal economy; business activities that remain unregulated, and oftentimes, completely unknown. Initially, much of the rhetoric centered on the need to ‘manage’ this ever-expanding behemoth that the informal sector was becoming. This narrative has since evolved into one that seeks to formalize these businesses, by catering to their needs and providing them with much-needed support.
https://www.thisdaylive.com/index.php/2020/10/06/covid-19-and-nigerias-informal-economy-2/