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Informal Economy

Participation and formalization views.

Standard Business 636 responses Published Apr 11, 2026
Q1.Do you earn income from the informal sector?
636 responses
  • No 38.52%
  • Yes, primarily 36.64%
  • Yes, partially 24.84%

636 responses

Q2.Should the government do more to formalize the informal economy?
636 responses
  • Yes 44.5%
  • Not sure 28.14%
  • No 27.36%

636 responses

Q3.How important is the informal economy to Nigeria?
7.3
Average rating (1–10 scale)
1
1.73%
2
2.2%
3
3.62%
4
2.52%
5
3.93%
6
11.16%
7
20.44%
8
25.47%
9
19.34%
10
9.59%

636 responses

Q4.Would formalization help or hurt informal workers?
636 responses
  • Mixed 30.03%
  • Not sure 25.47%
  • Mostly help 24.53%
  • Mostly hurt 19.97%

636 responses

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