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Towards the Development of the Informal Economy: The Case of Street Trading in Ile-Ife, Nigeria

In: A Closer Look at Organizational Culture in Action

Author

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  • Titilayo Olubunmi Olaposi

Abstract

Previously, scholars in Nigeria have argued for and against the continuing existence of street trading activity in cities but no known study had examined how street trading could be developed. This chapter seeks to provide empirical evidence for its characteristics, values and challenges in order to provide insights into how street traders could be supported to make their trading activity more productive and sustainable. Findings showed that the street traders need entrepreneurship education, financial support and favourable regulatory measures to facilitate the development of their trades. The chapter concludes that street trading could be highly productive and sustainable if adequately supported.

Suggested Citation

  • Titilayo Olubunmi Olaposi, 2021. "Towards the Development of the Informal Economy: The Case of Street Trading in Ile-Ife, Nigeria," Chapters, in: Suleyman Davut Goker (ed.), A Closer Look at Organizational Culture in Action, IntechOpen.
    • Handle: RePEc:ito:pchaps:215342
    DOI: 10.5772/intechopen.93871
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    More about this item

    Keywords

    challenges; informal economy; street trading; sustainable; values;
    All these keywords.

    JEL classification:

    • D2 - Microeconomics - - Production and Organizations

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