Abstract
This study appraises the monetization of workers fringe benefit in Nigeria’s federal Civil Service with a view to identifying the problem areas. Data collected through questionnaire were analyzed using Chi-square. The findings revealed that the monetization policy has reduced the running cost of federal government of Nigeria, somehow bettered the lots of workers, greatly favored the ruling elites, and generated some unintended consequences due to the reversal of some aspects during implementation. However, in order to ensure equity in the distribution of benefits of the policy, it is recommended that payment of housing and furniture allowances should be en bloc and direct method to be adopted in the implementation to curb reversal of the contents of the policy. More so, state and local governments in Nigeria and under-developed and developing countries are to adopt the policy to their civil service for efficiency and cost effectiveness.
Highlights
The long military rule in Nigerian left its toll on almost every aspect of the Nigerian life
The findings revealed that the monetization policy has reduced the running cost of federal government of Nigeria, somehow bettered the lots of workers, greatly favored the ruling elites, and generated some unintended consequences due to the reversal of some aspects during implementation
State and local governments in Nigeria and under-developed and developing countries are to adopt the policy to their civil service for efficiency and cost effectiveness
Summary
The long military rule in Nigerian left its toll on almost every aspect of the Nigerian life. In reaction to the general hash prevailing conditions in the country, president Obasanjo’s administration embraced reforms in all sectors of the economy. As observed by Hyde (1991), major declines in a nation’s annual rate of growth in productivity and loss of competitive position to other nations can alarm public leaders to spawn a host of new initiatives to increase productivity. It was in the realization of the strategic role of increased performance in the public service that the monetization of fringe benefits policy was adopted, as an aspect of the public sector reform.
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