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The huge impact of small businesses to the society
May 16
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Though Nigeria rely majorly on oil and revenues derived from it, from context observation the economy is largely supported by small businesses covering almost all spheres of activities within the country, ranging from Nano, kiosk, and Micro businesses most importantly. A visible reference usually includes the vulcanisers, corner shop owners, single retail marketers, repairers, painters, business center operators, restaurants, market women, and men in the various open markets, among others. and the formal operations such as the law firms, accounting firms, consulting, fintech, and real estate companies, and so on in the country.
Informal economy: Is it a problem, a solution, or both?
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Tue Feb 09 2021
The expression “informal economy” encompasses a huge diversity of situations and phenomena in the country. However, working in the informal economy is often characterised by small or undefined workplaces, unsafe and unhealthy working conditions, unregulated, low levels of skills and productivity, low or irregular incomes, long working hours, and lack of access to information, markets, finance, training, and technology. The activities that occur outside the legal framework are considered informal. The informal economy can be seen either as the nature of the enterprise operation or the nature of employment relationship that exists in the business. That said, millions of Nigerians especially those that reside in the economic hub of the country, Lagos State –live, work, trade and produce in this informal economy and also engage the vulnerable citizens. From context observation, the informal sector in Nige
The expression “informal economy” encompasses a huge diversity of situations and phenomena in the country. However, working in the informal economy is often characterized by small or undefined workplaces, unsafe and unhealthy working conditions, unregulated, low levels of skills and productivity, low or irregular incomes, long working hours, and lack of access to information, markets, finance, training, and technology. The activities that occur outside the legal framework are considered informal. The informal economy can be seen either as the nature of the enterprise operation or the nature of employment relationship that exists in the business. That said, millions of Nigerians especially those that reside in the economic hub of the country, Lagos State –live, work, trade and produce in this informal economy and also engage the vulnerable citizens. From context observation, the informal sector in Nigeria is bigger than the formal sector in terms of employment and output year on
MONKEY VILLAGE DEMOLITION: Developer, Ariori dismisses allegation of illegal possession of land
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By Ifeanyi okolie
A Lagos-based land developer, Abiodun Ariori, who is at the centre of the controversy surrounding the invasion of a landed property located at the Opebi area of Lagos State, also known as ‘Monkey Village’, has refuted allegation, that he connived with some agencies of the Lagos State Government to illegally take possession of the said land.
Ariori, who spoke to Vanguard through his law firm, Monye, Monye & Co, disclosed that that he was contracted by the G.W. O Meadows, Family, who he said are owners of the said land, located at 1, Foluronsho Kuku Street, Off Opebi Village, Ikeja Lagos State, to help develop the property and when he couldn’t have access to the land, he reported the incident to the Solicitor of the Meadows Jimoh, Milan Solicitors, who then reported the incident to the Lagos State Special Taskforce on Land Grabbers (LSSTF/LG) thro