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This study examined the dynamic response of informality to the
openness of the Nigerian economy over the period 1970 to 2011. The
study used ordinary least squares (OLS) methodology. The results of
the long-run model indicate that openness (though not statistically
significant) increases informality, while state regulatory activities
impact significantly and positively on informality in Nigeria. The study
recommends that policies that encourage openness in Nigeria should be
carefully implemented so that informal activities in the external sector
(which are predominantly illicit) can be curtailed. Also,
excessive/repressive state regulatory activities that could drive
economic units underground should be avoided
