Fasting, Faith, And Informal Market: X-Raying the Economic Effect 0f 2026 Ramadan and Lengthen Seasons on Lagos State’s Informal Economy

Adeola Jumoke Shodunke; Peter Ayoola Oderinde

doi:10.56201/ijrcp.vol.11.no7.2026.pg115.126

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Fasting, Faith, And Informal Market: X-Raying the Economic Effect 0f 2026 Ramadan and Lengthen Seasons on Lagos State’s Informal Economy

Adeola Jumoke Shodunke and Peter Ayoola Oderinde

Abstract

Religious seasons play significant roles in shaping economic activities within Africa's informal economy. This paper examines the economic effects of the 2026 Ramadan and Lenten seasons on Lagos State's informal market, with particular attention to consumption patterns, market behavior, employment opportunities, and income generation among informal sector operators. Anchored on Religious Economy Theory and Social Capital Theory, the study adopts a qualitative descriptive methodology, utilizing documentary analysis of scholarly literature, policy documents, market reports, and relevant socioeconomic data. Findings reveal that the Ramadan season stimulates increased demand for food items, transportation services, clothing, and temporary labour, thereby boosting sales and income among informal traders. Similarly, the Lenten season influences consumer behavior through moderated spending, increased charitable giving, and patronage of religious goods and services, resulting in resource redistribution within communities. The study further finds that both religious seasons strengthen social networks, create seasonal livelihood opportunities, and contribute significantly to the vibrancy of Lagos State's informal economy. However, challenges such as price fluctuations, inflationary pressures, and the commercialization of religious practices were also identified. The paper concludes that Ramadan and Lent function not only as spiritual observances but also as important economic drivers within Lagos State's informal sector. It recommends that policymakers incorporate religious seasons into economic planning, strengthen market monitoring mechanisms to prevent exploitative pricing, support informal traders through financial inclusion initiatives, and encourage faith-based organizations to promote sustainable livelihood programs. The study contributes to the discourse on Africa's religious economy by demonstrating the intersection between faith practices and informal market dynamics.

Keywords

Religious EconomyRamadanLentInformal EconomyLagos StateFaith and Markets.

References

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Fasting, Faith, And Informal Market: X-Raying the Economic Effect 0f 2026 Ramadan and Lengthen Seasons on Lagos State’s Informal Economy

Abstract

Keywords

References

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