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Permalink Reply by Charles Ugochukwu Okere on July 23, 2011 at 9:05am

First it will give the workers more purchasing power and also boost their moral. It will also increase the tempo of economic activities because workers have more money to spend.  However the high rate of inflation in the country will eat up the income and before you know it, it will back to square one.  The best way to manage the economy is not necessarily giving the workers increased pay, but to reduce inflation so that our money will command higher value.

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Permalink Reply by adebayo ademola israel on August 4, 2011 at 5:47am

Hmm! Good,but what are d steps to be taken and what are d set of people we need?

Charles Ugochukwu Okere said:

First it will give the workers more purchasing power and also boost their moral. It will also increase the tempo of economic activities because workers have more money to spend.  However the high rate of inflation in the country will eat up the income and before you know it, it will back to square one.  The best way to manage the economy is not necessarily giving the workers increased pay, but to reduce inflation so that our money will command higher value.

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Permalink Reply by Usman Ndama on July 23, 2011 at 2:19pm

Minimum wage 'll boast workers moral positively wen d paymnt commence fully.

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Permalink Reply by adebayo ademola israel on August 4, 2011 at 5:48am

But is that not going to affect us later?

Usman Ndama said:

Minimum wage 'll boast workers moral positively wen d paymnt commence fully.

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Permalink Reply by Charles Ugochukwu Okere on August 5, 2011 at 12:04pm

Increased production of locally made goods, sustainable electricity, improved infrastructure and  being an exporting nation instead of importing.

adebayo ademola israel said:

Hmm! Good,but what are d steps to be taken and what are d set of people we need?

Charles Ugochukwu Okere said:

First it will give the workers more purchasing power and also boost their moral. It will also increase the tempo of economic activities because workers have more money to spend.  However the high rate of inflation in the country will eat up the income and before you know it, it will back to square one.  The best way to manage the economy is not necessarily giving the workers increased pay, but to reduce inflation so that our money will command higher value.

• ▶ Reply