An evaluation of roadside trading and its economic significance in Port Harcourt City Local Government Area, Rivers State
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the study:
Roadside trading has historically served as an informal yet vibrant component of urban economies, particularly in densely populated cities like Port Harcourt. In Port Harcourt City Local Government Area, roadside trading is not only a cultural norm but also a significant economic activity that provides livelihoods to a large segment of the population (Ibekwe, 2023). This form of trade contributes to local economic growth by offering affordable goods and services, fostering entrepreneurship, and promoting community interaction (Eze, 2024). The informal nature of roadside trading, however, raises issues related to regulation, safety, and revenue generation for local governments (Obasi, 2025). Recent studies have shown that while roadside trading bolsters economic activity and employment, it also presents challenges such as urban congestion and difficulties in tax collection. This study evaluates the economic significance of roadside trading, assessing its benefits in terms of income generation and economic inclusion, as well as the policy challenges that need to be addressed to formalize and optimize this sector (Ibekwe, 2023).
Statement of the problem:
Despite its economic importance, roadside trading in Port Harcourt faces regulatory challenges that limit its formalization and potential for sustainable growth. Issues such as lack of infrastructure, safety concerns, and revenue losses due to informality persist, creating a need to explore effective policy interventions (Eze, 2024).
Objectives of the study:
- To evaluate the economic contributions of roadside trading.
- To analyze the regulatory challenges faced by traders.
- To propose policy recommendations for formalizing roadside trade.
Research questions:
- What is the economic significance of roadside trading in Port Harcourt?
- Which regulatory issues hinder the growth of this sector?
- How can policy interventions improve the formalization of roadside trading?
Research Hypotheses:
- Roadside trading significantly contributes to local income generation.
- Regulatory challenges adversely affect the growth of roadside trading.
- Formalization policies can enhance the economic benefits of roadside trading.
Significance of the study:
This study is significant as it elucidates the economic role of roadside trading, providing actionable insights for policymakers to improve regulation and support sustainable growth in the informal sector (Ndukwe, 2023).
Scope and limitations of the study:
The study is limited to examining roadside trading activities in Port Harcourt City Local Government Area. It does not consider other forms of informal trade or regions, and is constrained by the availability of reliable informal sector data.
Definitions of terms:
- Roadside trading: The sale of goods and services in public, non-permanent market settings.
- Economic significance: The contribution of an activity to the overall economic health of a community.
- Informality: Economic activities not regulated by formal governmental structures.
Related Project Materials
THE BENEFITS OF EARLY CHILDHOOD EDUCATION IN PROMOTING ENVIRONMENTAL SUSTAINABILITY
ABSTRACT: The benefits of early childhood education in promoting environme...
The impact of long travel distances on healthcare access in Taraba State
Background of the Study
In Taraba State, many communities are located in remote, hard-to-reach areas where long travel distances to healt...
An assessment of narrative strategies in Efik cultural festivals in Cross River State
Background of the Study
Efik cultural festivals in Cross River State are vibrant events that showcase indigenous heritage...
An examination of modern regulatory compliance practices on strengthening bank governance in Nigeria: a case study of First Bank of Nigeria
Background of the Study
In an era characterized by rapid technological advancement and increasing financial complexity, robust regulatory...
An appraisal of influencer marketing strategies on brand expansion: A study of a local business in Kano
Background of the study
Influencer marketing has become a pivotal strategy for local businesses aiming to expand their bra...
An Evaluation of Nurses’ Knowledge and Practice in Managing Patients with Schizophrenia in Kogi State Healthcare Facilities
Background of the Study: Schizophrenia is a severe mental disorder characterized by symptoms such as delusio...
An Investigation of the Relationship Between Environmental Investments and Economic Growth in Nigeria
Background of the Study
Environmental investments, such as expenditures on pollution control, renewable energy projects, an...
The Impact of Podcasts on Brand Awareness in Corporate Communication: A Study of Nafada Local Government Area, Gombe State
Background of the Study
Podcasts have rapidly gained popularity as a versatile and engaging medium for corporate communi...
THE EFFECT OF CORPORATE GOVERNANCE ON THE NIGERIAN BANKING SECTOR
ABSTRACT
The study was conducted to examine the effect of corporate governance in the Nigerian Banking sector. The spe...
An Investigation of Virtual Reality Applications in Real Estate Marketing in Sokoto State
Background of the Study
Virtual reality (VR) technology allows users to immerse themselves in a computer-generated envir...
