IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 4 NO. 6 2018

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The Economic Impact on Street Vending in Nigeria: A Study of Bayelsa State

Agada Franklin A., Fems, Kurotimi M., Duke, Ebikela S., & Okoyan, Krokeme

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Abstract

Street vendor is a person engaged in hawking goods such or offering services to the general public, on the street, side walk, pavement and any other public place. They usually carry out their trading activities from a temporary built up structure or by moving from place to place and this has become a common occurrence in most of the developing countries including Nigeria. The aim of this study is to examine the economic impact of street vending in Nigeria in order to help the government and business environment to exploit its benefits. This study administered 500 questionnaires and responses were 470 street vendors in a stratified areas in Bayelsa state, Nigeria. A descriptive analysis using simple percentage analysis with tables was carried out, and it was found that street vending had contributed to the social, political and economic life of Bayelsans despite its little contribution but Street vending has become a foundation of the retail economy in the cities especially to those who are unable to have a safe and proper employment. Hence, the government should recognize street vendors for the role they play in engendering economic activity, providing employment, and bringing retail goods to consumers. Nevertheless, government may not be able to accommodate all street traders but government agencies should look into the capacity and the side of street traders and accommodate appropriate number of street traders through the issue of permits.

Street vending, Street vendors, Economic impact, Value

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