AN EVALUATION OF FINANCING CHALLENGES OF INFORMAL ENTREPRENEURS IN SOUTHWEST, NIGERIA

Meeting the requirements for accessing fund for entrepreneurial venture within the informal sector remains the major discouraging factor. This paper evaluated the financing challenges confronting informal entrepreneurs in Southwest, Nigeria. Survey method was used to collect data from 182 informal entrepreneurs’ in Southwest, Nigeria and analysed with simple frequency percentage and chi challenge to informal entrepreneurs in South entrepreneurs have adequate knowledge of sources of finance with X requirements are too stringent for informal entrepreneurs with X significantly affects informal entrepreneurs’ chances of growing and expanding their enterprise with X 82.01. It was concluded that informal entrepreneurs in Nigeria have financing challenge and the paper sugg government should review existing policies and programs on financing informal entrepreneurs and ensure their enforcement and implementation.