The Impact of Informal Sector Development on Growth of the Manufacturing Sub-Sector in Anambra State, Nigeria

Authors

  • Umeh Chidinma Vivian Department of Economics, Nnamdi Azikiwe University
  • Onyedibe Chukwudi Francis Department of Economics, Nnamdi Azikiwe University
  • Nwokoye Ebele Stella Department of Economics, Nnamdi Azikiwe University
  • Obetta Ugochukwu Doris Department of Economics, Nnamdi Azikiwe University

Keywords:

Anambra State, Formal Sector, Informal Sector, Manufacturing sub-sector, Transition

Abstract

The objective of the research is to investigate the impact of the informal sector transition on growth of the manufacturing sub-sector in Anambra State in Nigeria. To achieve this objective, the research work was undertaken using descriptive, correlational and explanatory research design. Data was collected using cross-sectional approach. This research study used quantitative method for its data collection. This method is more objective and reliable yet not influenced by the personal opinion of the researchers in representing the phenomena. The results showed that up to 70 per cent of surveyed firms’ owners are unwilling to transit from informal sector to formal mainly because they don’t want to pay more taxes, they are not ready yet and the process is too costly.

Published

2022-03-30

How to Cite

Umeh, C., Onyedibe, C., Nwokoye, E., & Obetta, U. (2022). The Impact of Informal Sector Development on Growth of the Manufacturing Sub-Sector in Anambra State, Nigeria. Journal of International Economic Relations and Development Economics, 1(2), 21–30. Retrieved from https://theinterscholar.org/journals/index.php/jierade/article/view/155

Issue

Section

Articles