The COVID-19 pandemic has brought negative economic consequences in the form of job losses, threatened the sustainability of firms and depressed growth in GDP. Nigeria has the challenge of a large informal sector that is most vulnerable to the effects of the pandemic. Nigeria’s informal sector is also the employer of the largest number of citizens. The federal government and other stakeholders must roll out measures to provide temporary support to the informal sector.
Speaking with the CEO of Elite Solar Kiosk, Mr David Adesanya stated that the innovative initiative, though already being adopted by several state governments is envisioned to support small scale entrepreneurs and owners of small businesses to surmount adverse economic challenges, thereby helping them survive and grow rapidly.