DECENT WORK DEFICITS IN THE NIGERIAN INFORMAL ECONOMY
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Date
2014-12
Authors
Olusanya, O.A.
Journal Title
Journal ISSN
Volume Title
Publisher
LAPO Institute for Management Finance and Management Studies, Benin, Nigeria
Abstract
The informal economy is prone to inadequacies in decent work due to its obscurity from the law. These inadequacies are fuelled by high rate of unemployment and widespread poverty, manifesting in hunger, lack of water and inadequate sanitation among others. This paper focuses on decent work deficits in the Nigerian informal economy. Data used for the study were gathered mostly from secondary sources. The paper argues that government machinery of progress should not only be expanded to cover the informal economy, the ILO decent work agenda should be pursued vigorously. It is suggested that formalization is necessary to facilitate coverage by relevant legal instruments of government. Formalization of the
informal economy is used in this paper to mean organization as a means of inclusion for policy coverage and recognition by the state. In addition, the paper recommends that Federation of Informal Workers of Nigeria (FIWON) be recognized by law as a labour union in much the same way as Trade Union Congress (TUC) and the Nigerian Labour Congress (NLC) covering several unions because of extent of expansion of the Nigerian informal sector.
Description
Scholarly article
Keywords
Informal Economy , Decent Work Deficits , Formalization , FIWON , Research Subject Categories::SOCIAL SCIENCES::Business and economics
Citation
Olusanya, O.A. (2014). Decent work deficits in the Nigerian informal economy. African Journal of Microfinance and Enterprise Development (AJMED), 4(1), 1-18.