Myth: The informal economy is an impediment to the prosperity of Lagos with Dr. Ademola Omoegun
The informal economy is so-called because it exists mainly outside the formal oversight of government. Mostly comprising low-end, low-skilled occupations such as street trading, waste picking, or care-giving, it nevertheless is the lifeblood of many cities today, providing flexible livelihoods and services, and contributing significantly to urban economies.
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