Tag Archives: income

The hidden cost of doing business #informaleconomy

By | February 4, 2016

This looks like its a low cost business operation with low barriers to entry. All you need to do is find a decent tree under which to display your wares. The reality is that these entrepreneurs have numerous fees and costs that they must pay in order to do business, regardless of how informal it… Read More »

The end of the global middle class: A more frugal world?

By | December 24, 2015

The past half decade‘s worth of financial crises and increasing scarcity of resources have led to an increasing equalization in the global water level. Instead of the high tide that would lift all boats, the leveling off of growth is leading to an entirely different equation of purchasing power parity. Tomorrow’s equilibrium seems to imply… Read More »

Acknowledging the value of the informal sector as an economic engine

By | May 26, 2012

Chief John Kolawole, the General Secretary of Trade Union Congress of Nigeria (TUC), on Friday urged the Federal Government to harness the informal sector for economic growth. Kolawole told newsmen in Lagos that the sector was well endowed with economic resources that had not been exploited. “The informal sector, which is made up of hairdressers,… Read More »