Alleviating Poverty in Nigeria through the Improvement of the Labour Conditions in the Informal Economy
A Socio-ethical Enquiry
Professor Dr. Bernhard Emunds, Frankfurt am Main
CHAPTER THREE Poverty and the Informal Economy in Nigeria
Introduction In this chapter our focus shifts from poverty and informal economy in general to poverty and the informal economy in Nigeria. The first task would be to examine how and why poverty exists both among the working population and in the nation as a whole. This will warrant examining the political economic and social circumstances in the nation with a view to understanding how they have impacted on the human development and overall wellbeing in the nation. Thereafter, an in- depth consideration will be given to the informal economy where most of the poor in Nigeria work and earn their living. This is with a view to ascertaining how the prevailing socio-economic and political circumstances which determine the condition in which the poor work and live also affect the ability of the poor to use their labour (the most valuable if not the only asset they have) to contribute meaningfully to wealth creation, have a fair share of the increased availability of public and private resources and participate fully in the life of the society. The relevance of the entire undertaking in this chapter is predicated on the conviction that the ability of a nation to keep itself and its citizens out of poverty depends squarely on its capability to use the resources it has to produce enough wealth to meet at least the basic needs of the entire population. Enough wealth can however be produced when the citizens of the nation are given the opportunity to develop their...
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