An Investigation into the Value of Street Vending in Nigeria: A Case of Lagos State

Abstract

Street vending is an integral component of urban economies around the world and has become a common phenomenon in most of the developing countries. It constitutes a significant proportion of the informal sector activities in Africa, Asia, and Latin America. Despite this recognition, research has not been conducted to understand the value of street vending in Nigeria. The aim of this study is to investigate the value of street vending in Nigeria in order to help the government and business communities to capitalize on it benefits. The study administered questionnaires to 42 street vendors on 10 major street vending locations in Lagos state, Nigeria. A descriptive analysis was carried out, and it was found that street vending had contributed immensely to the economic, social, and economic life of Nigerians.

Keywords: Street Vending, Value of Street Vending, Lagos State, Nigeria