INFORMAL HOUSEHOLD ENTERPRISES AND POVERTY NEXUS IN NIGERIA
OSADOLOR, NNEKA ESTHER
African Economic Research Consortium
Nigeria, currently the most populous country in Africa, is home to a population of about 202 million people and one of the largest youth populations in the world (World Bank, 2019). In terms of growth, the country has recorded some impressive records over the years with an average GDP growth rate of 5.7% between 2006 and 2016 and currently estimated at 2.55% as at the fourth quarter of 2019 (NBS, 2019). However, contrary to the predictions of theory, in spite of her growth records, the informal sector in Nigeria has been burgeoning over the years. It is estimated that of the 77 million working age employed Nigerians, about 72 percent (56 million) are engaged in the informal sector, more than half of which is of low productivity (World Bank, 2015; NBS, 2018).Of this number, statistics show that more women were engaged in non-farm household enterprises than men; and women were predominant in retail trade as well as accommodation and food services compared to the men who were predominantly engaged in manufacturing, agriculture and construction (NBS, 2018).