THE IMPACT OF INFORMAL SECTOR DEVELOPMENT ON GROWTH OF THE MANUFACTURING SUB SECTOR IN ANAMBRA STATE, NIGERIA

Abstract

The objective of the research is to investigate the impact of the informal sector transition on growth of the manufacturing sub-sector in Anambra State in Nigeria. To achieve this objective, the research work was undertaken using descriptive, correlational and explanatory research design. Data was collected using cross-sectional approach. This research study used quantitative method for its data collection. This method is more objective and reliable yet not influenced by the personal opinion of the researchers in representing the phenomena. The results showed that up to 70 per cent of surveyed firms’ owners are unwilling to transit from informal sector to formal mainly because they don’t want to pay more taxes, they are not ready yet and the process is too costly.