IMPACT OF LABOUR EXCHANGE CENTRES ON INCOME GENERATION IN TANKE, ILORIN KWARA STATE, NIGERIA

Abstract

The labour Exchange center plays a critical role in the effective and efficient organization of the labour market, and the
attainment of the long-term goal of full, productive, and freely chosen employment. However, Nigeria has a lower
concentration of research on the labour exchange center and income generation. Therefore, the study investigated the
impact of labour exchange centers on income generation in Tanke, Ilorin. Specifically, the study examined the availability
of the labour exchange center, its impact on the level of unemployment and the standard of living, and its contribution to
Kwara State's internally generated revenue. A total of 100 casual workers in Tanke, Ilorin, were randomly selected with a
simple random sampling process. A questionnaire was constructed; the responses to the questionnaire were complemented
through personal interviews with the SMEs by the researcher. Descriptive analysis was used to identify the socio-economic
characteristics of the respondents, and ordinary least squares (OLS) was used to test the significant impact of the labour
exchange center on the level of unemployment, standard of living, and contribution to internally generated revenue.
Findings of the study revealed; The Labour Exchange Centre enhances the number of hours worked by those who are
registered with and have received training from the centre; those who visit the centre regularly pay more tax than those
who do not, and as such, improve the IGR of the state and there was no statistically significant positive impact of the labour
exchange centre on the standard of living of the respondents. It was recommended based on the findings of this study that
unemployed youth in the state should patronize the labour exchange centre, as it has the potential to link them with
employers; employers should also look towards the labour exchange centre while recruiting their workforce; and the state
should grant registration status and then provide a regulatory role to the centre for proper organization.