Evaluating the Impact of Real Sector on Employment and Income Generation Capacity in Nigeria: Perception Approach

This study examines the impact of the real sector on Nigeria’s economic development, utilising data from 100 respondents representing diverse demographics and professions. A structured questionnaire assessed perceptions on the sector’s role, challenges, and policy environment. Descriptive and inferential statistical tools, including chi-square tests and mean score analysis, were employed. Findings reveal widespread agreement on the sector’s contribution to GDP, employment, poverty reduction, and its potential to drive sustainable development. However, significant challenges such as inadequate access to finance, policy inefficiencies, skills shortages, and corruption undermine performance. Mean scores and chi-square tests confirm the statistical significance of these concerns. The study recommends financial inclusion reforms, skills development programs, stronger anti-corruption mechanisms, and enhanced infrastructure and policy frameworks to unlock the sector’s full potential. The results underscore the need for multi-stakeholder collaboration to transform Nigeria’s real sector into a robust engine of inclusive economic growth.