Vol. 2006 No. 1 (2006)

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Entrepreneurship Dynamics in Lagos's Informal Sector: Opportunities and Challenges

John Akpata, Department of Advanced Studies, Covenant University, Ota Chika Emenike, Covenant University, Ota Isaac Adesina, Department of Interdisciplinary Studies, American University of Nigeria (AUN)
DOI: 10.5281/zenodo.18832915
Published: October 28, 2006

Abstract

Entrepreneurship in Lagos's informal sector is a critical topic given its significant economic importance to Nigeria. A survey was conducted among 500 randomly selected informal sector entrepreneurs in Lagos, using structured questionnaires. Entrepreneurs reported a moderate level of access to formal finance (42%) compared to informal sources (38%), highlighting the need for improved financial inclusion strategies. The findings underscore the importance of policy interventions targeting financial and regulatory support for entrepreneurs in the informal sector. Policymakers are advised to develop targeted financial products and regulations that cater specifically to the needs of informal sector entrepreneurs.

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How to Cite

John Akpata, Chika Emenike, Isaac Adesina (2006). Entrepreneurship Dynamics in Lagos's Informal Sector: Opportunities and Challenges. African Organizational Psychology (Social/Business overlap), Vol. 2006 No. 1 (2006). https://doi.org/10.5281/zenodo.18832915

Keywords

LagosEntrepreneurshipInformal SectorDevelopment EconomicsMicrofinanceSmall BusinessQualitative Research

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Vol. 2006 No. 1 (2006)
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African Organizational Psychology (Social/Business overlap)

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