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Tag: Association of Bureaux De change Operators of Nigeria

ABCON calls for sector-specific policy to drive informal economy

ABCON calls for sector-specific policy to drive informal economy

Economy
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Federal Government to design informal sector-oriented economic policy that will help workers overcome the severe impact of the COVID-19 pandemic.  The group made the call in its Quarterly Economic Report for the First Quarter of 2020 (Q1’2020), saying that while most COVID-19 related government aids and packages are targeted at formal businesses, it is the informal sector, which accounts for the majority of the labour force, that suffers the greatest impact of the pandemic.  According to the group, to ensure that Micro, Small and Medium Enterprises (MSMEs) continue to play their critical role in the economy, especially employment generation, economic policy trust for post-COVID-19 must be d...