The Nigerian Economic Summit Group (NESG) is seeking inclusive interventions to address challenges facing Nigeria’s informal sector as part of ongoing economic reforms in Nigeria.
The Chief Economist and Director of Research and Development, NESG, Olusegun Omisakin, made the call during a virtual media interactive session.
He said the informal sector which accounts for a significant share of economic activity, remained largely outside the reach of government policies and support programmes.
Omisakin noted that while policy implementation within the formal sector was relatively straightforward, engaging informal operators required more deliberate, data-driven and inclusive strategies.
“One of the major challenges the government faces is the informal economy. It is not just about production, but also about how interventions reach those whose activities are not directly captured.
“It is easy to reduce taxes or implement policies within the formal system, but when it comes to the informal segment, where operations are not directly tracked, it becomes more difficult,” he said.
