International records / OpenAlex research

Entrepreneurship Dynamics in Lagos' Informal Sector: Opportunities and Challenges

The informal sector in Lagos, Nigeria is a significant part of the country's economy, comprising over 50% of all businesses and employing millions of people. Despite its importance, it faces numerous challenges such as limited access to formal financial services, regulatory barriers, and high operational costs. The research employs a mixed-methods approach combining qualitative interviews with quantitative data analysis from existing government reports and surveys conducted among informal sector entrepreneurs in Lagos. Entrepreneurship within the informal sector is characterized by high levels…