In September 2008, the prominent Vanguard newspaper published an interview with a senior labor department bureaucrat who admitted that 90% of new jobs in the country were being accounted for by the informal sector1. Quoting an unnamed survey, the official went on to add that the sector was also responsible for 80% of all non-agricultural employment and 60% of urban jobs. The figures are credible in source, but for a country now intent on revamping its economy for accelerated growth, they are incredible in import.
The informal economy is described as the sum total of economic activity that happens outside state regulation, which is neither taxed nor represented in a country's GDP.
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