THE IMPACT OF MONETIZATION POLICY IN THE PUBLIC SECTOR

ABSTRACT

This study examined the effect of monetization on workers in Nigerian civil service. Purposefully, the study investigated the monetization benefits if it is commensurate with civil servants socio-economic needs; the impact of monetization on workers’ attitude toward job performance in Nigerian public service; and the impact of monetization on workers’ job satisfaction in Nigerian public service. The researcher used descriptive and survey designs to carry out the study. The respondents were Two Hundred and Thirty One (231) civil servants drawn from Ministry of Interior. The data obtained was facilitated by administering a research questionnaire of twenty (20) items to ninety-six (96) civil servants, having a response rate of 80%. Among other things, the findings of the study revealed that the monetization benefits are not commensurate with civil servants socio-economic needs in Nigeria; there is no positive impact of monetization policy implementation on workers’ attitude toward job performance in Nigerian civil service; and the monetization policy implementation has no positive effect on workers’ job satisfaction in Nigerian civil service. From the empirical evidence of the findings, the study concluded that there is no positive effect of monetization on workers in Nigerian civil service.