Factors influencing shadow economy in Nigeria

3. The recommendation to lower the participation in the shadow economy: Please provide at least 3 measures, which could be the most effective minimizing the participation of shadow economy:

  1. Good governance Proper economic structure Good education
  2. Higher employment rate Low inflation rate Total Eradication of corruption
  3. 1. Increasing the minimum wages 2. Creating more jobs
  4. 1) High employment 2) No corruption
  5. - improves employment rates - low taxes - electronic payments
  6. Transparency in government Employment Torisum
  7. Corruption should be addressed
  8. 1.Electronic Payments 2.income is spent in official economy. 3.Tax wedge
  9. Monetary values
  10. Reduce government regulation Increase minimum rate Provide more jobs