Informal businesses contribute about 90% to Nigeria’s GDP- Report

The report also revealed that a significant portion (68.2 per cent) of their income goes towards feeding and family expenses.

The Informal Economy Report 2024, says businesses in the informal market contribute over half of Nigeria’s Gross Domestic Product (GDP).

The Minister of Industry, Trade and Investment, Dr Doris Anite said this when she inaugurated the report on Friday in Abuja.

The News Agency of Nigeria (NAN) reports that the unregistered businesses include street vendors, artisans, and service providers.

By News Agency of NG.

Full story at Pulse NG.