Time Management and its Impact on Business Growth: A Study of Public Holidays and Work Stoppages in Nigeria

Abstract

This article provides a nexus between time management, public holidays and other work stoppages in Nigeria. It looks at the negative consequences of having too many public holidays and work stoppages in a fragile and dependent economy like Nigeria. Too much of everything is bad it is said. Any action that leads to the stoppage of work activities is detrimental to the growth of businesses. Nigeria observes too many works stoppages in a calendar year, and research shows that intermittent and frequent works stoppages can cause damage to the efforts designed to make a country’s financial and capital markets catch up with global trends. Further researches also show that Nigeria’s financial system handles a large amount of transaction that principally involves all banks in the country. In turn, these institutions facilitate the transactions of all economic agents. This study treats all holidays as works stoppage; all off duty activities such as strikes that consumes economic or man-hour is referred to as work stoppage (strike inclusive).