Strategy for Reducing Unemployment in Nigeria: The Role of the Informal Sector

Abstract

The correlation between employment generation and Socio - economic wellbeing of citizens is so significant that almost all nations the world over take the issue of employment generation as a top priority in their agenda. This paper therefore, is written to explore the role of the informal sector as a strategy for reducing unemployment in Nigeria, especially in Kogi State. The research elicits data from both primary and secondary sources. The data were analyzed using table and chi-square statistical tool. The paper concluded that, by putting the mechanism in place, the informal sector will play a pivotal role in the socio-economic advancement of Nigeria. Thus recommends that: government at all levels should encourage both employers and employees in the informal sector through funding and infrastructural facilities should be provided to reduce cost of doing business in Nigeria.