Improving credit access for Nigeria’s informal sector using data, collaboration
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About 60 percent of the world’s employed population operate within the informal economy, with Africa alone having 85.8 percent of its employment being informal, according to an International Labour Organization 2018 report. What this means is that eight out of 10 employed Africans are employed in businesses that are usually unincorporated, owned and run by households and generally don’t comply with a number of legal obligations set by the government. In Nigeria, these businesses make up about 65 percent of the nation’s GDP and in some very good years contributed as much as 90 percent of all th…

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HEDGE accordingly