USE OF TECHNOLOGY IN THE MANAGEMENT OF INFORMAL SECTOR ACTIVITIES IN DEVELOPING NATIONS

Abstract

The urban informal sector provides the bulk of the total internally generated revenue for city government of which it retains about 70% of inner-city employment in the country. From this affirmation and with the level of economy development it's evident that more can be achieved in (informal sector) when integrated with technology especially in developing nations. This is a
qualitative research and the data for this study were obtained from secondary sources. The study was based on reviewed relevant literatures related to informal sector economy and how to leverage on technology to promote, provide and engage small and medium business owners (SME) in our local economy, especially across rural communities in Africa. This secondary data
were sourced from published materials such as (relevant text books and journals, conference
papers, etc.) and unpublished materials. Findings suggested that informal economy in Sub-Saharan Africa remains among the largest in the world. Furthermore, results suggested that more laid-off workers in the formal sector were gainfully retained in the informal economy. The study recommended that technology should be made affordable and available to SME businesses in the informal sector by government and the private sector economy, among other
recommendations.