informal sector

Nigerian policymakers are pursuing multiple economic development strategies, focusing on formalizing artisanal gold mining, reviving the textile industry, and strengthening state revenue generation mechanisms to address persistent fiscal challenges.

Bank of Industry and MTN Foundation commit N1 billion for women-led enterprises while National Pension Commission licenses first accredited pension agent to expand informal sector coverage.

Despite regional economic expansion, East African youth face mounting unemployment pressures, driving record numbers into the informal jua kali sector where wages remain low and job security minimal.