The Role of Informal Sector in the Management of Post Covid- 19 Pandemic in Nigeria

Oluwaseyi Victor Adaja and O. E. Olajide
Keywords: Informal Sector, Economy, Covid-19, Corona virus
Journal of Inter-Disciplinary Studies on Contemporary Issues 2020 6(1), 69-81. Published: March 10, 2023


Abstract

The emergence of the novel Coronavirus has taken a toll on all sectors of the global economy, and has continued to threaten thesocio-economic, health and educational sectors? arguably the worst in modern time. Besides being a public health emergency, the pandemic has fundamentally shifted educational, social and economic engagement globally. Top economists have a general consensus that the pandemic would plunge the world into a global recession. However, development practitioners have begun to brainstorm on the management of post Covid-19 in Nigeria. It is evidence that the post Covid-19 may constitute a great threat to the country?s fragile socio-economic activities and insecurity in the country if not well managed. However, the informal sector has however been identified as the major sector that could help to reduce the effect of the pandemic because the sector according to the Bank of Industry and International Labour Organisation accounted for the 65% of Nigeria?s GDP and 93% employment capacity in Nigeria. Based on the above, the study concludes that Nigeria must invest heavily in the informal sectorto mitigate the effects of the pandemic on the country?s economy. Therefore, policies should be introduced to identify and address the challenges in the informal sector for optimal productivity