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THE IMPACT OF MINIMUM WAGE FLUCTUATION ON GROWTH OF NIGERIAN ECONOMY
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- Contributor: mr-chris
- engagements: 124
- Case No: 182460pw
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ABSRACT - [ Total Page(s): 1 ]This research work investigates the impact of minimum wage fluctuation on growth of Nigeria economy. Determinants of labour market in Nigeria arising from the economic transformation in recent years, and how public policy affects in particular labour market outcomes. The result has shown that increase in minimum wage increase by l unit (1 million), increase real gross domestic product by 0.038million. Similarly, an increase composite consumer price index in by 1 unit (1 million) reduced RGDP by -55.063 (million) Increase in per capital income by I unit (1 million) increase RGDP by 4788.060mill
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CHAPTER ONE - [ Total Page(s): 3 ]The committee had, while presenting its report to the Secretary of Government of the Federation (SGF), Ahmed Yayale, in Abuja noted that the N 18,000 minimum wage would not lead to inflation as being canvassed in some quarters.“The Tripartite Committee on National Minimum Wage has recommended a national minimum wage of N18,000 per month for all establishments in the public and private sectors employing 50 workers and above,†Belgore stated. “The committee met severally and consulted widely. It further took cognisance of the need to ensure that the outcome of t ... Continue Reading
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ABSRACT - [ Total Page(s): 1 ]This research work investigates the impact of minimum wage fluctuation on growth of Nigeria economy. Determinants of labour market in Nigeria arising from the economic transformation in recent years, and how public policy affects in particular labour market outcomes. The result has shown that increase in minimum wage increase by l unit (1 million), increase real gross domestic product by 0.038million. Similarly, an increase composite consumer price index in by 1 unit (1 million) reduced RGDP by -55.063 (million) Increase in per capital income by I unit (1 million) increase RGDP by 4788.060mill
... Continue Reading
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