DISCUSSION FOR MONETIZATION POLICY ON WORKERS PRODUCTIVITY - FINDINGS AND RECOMMENDATIONS

In this chapter, the researcher after the presentation and analysis of data wished to discuss the findings here as the implication on the study.

DISCUSSION ON THE FINDINGS
In the course of this research work, the following findings were made and discussed. The findings of the research further supports the view expressed by Njoku (2003) which says that monetization policy was aimed at cutting down cost and wastages and equally minimize the rate of careless use of public facilities.

            Indeed, Aluko (2003) contends that “the aim and objectives of monetization involves a systematic and immediate placement of workers’ benefits with cash payment. Adding that the money given to them in bulk created a privilege for them to make an investment for better tomorrow.
            The second impressive finding made in the course of this research work is that monetization policy has improved the productivity of workers in the ministry of solid minerals development. Workers motivation to work becomes adequate as monetization created financial benefits to workers.
            The findings further support the view of former president Olusengun Obasanjo’s inaugural speech of 29th May, 1999.
            The corruption of the public service and the cynical contempt for integrity that bureaucracy will be stamped out, the public officers must be encouraged to believe once again that integrity pays. His self-respect must be rewarded through better pay and benefits both with service and on retirement.
            Indeed, the journal of NEEDS, volume six, page 92 contends that “the policy will encourage public servants to make responsible decision about the use of their resources. It went further to state that the policy has the challenge of convincing public officers that it is no longer business as usual as far as enjoyment of the in kind benefits they were used to.

CONCLUSION      
            The study reveals the mind of the people; particularly the public servants towards monetization policy which the data collected show that majority of the workers favour the policy. In this regards, it will have positive impact on workers productivity. The gain accruing to the government may not be seen now but in the long run, it will be evidently clear to all as to how much that have been saved as a result of the introduction of this policy.
            It is clear to the mind of the researcher that though at the initial stage, huge sum of money had been allocated for the pay including arrears, there is high hope that at the long run government will save money that will move the economy forwards, thereby improving the lives of every citizen and not only civil servants.

RECOMMENDATIONS  
            Though government has started the implementation of the monetization policy, there are issues it should consider very crucial. The government should consider:

1.         The composition of a monitoring and strategic committee to review and submit monthly progress report on the level of achievement or otherwise of the objective of monetization.
            The Nigeria economy is a volatile one and is subject to various kinds of shocks, therefore any issue that requires effectives monitoring should be broken down into phases of implementations. On the short run, the implementation of the policy of monetization has serious consequences on the economic, social and political lives of the country and its citizens. The work of this monitoring and strategic committee will also include the determination of such consequences on various facets of the economy. The short terms of the implementation of monetization policy has to be considered in relation to its consequence on the national budget, inflation, unemployment, productivity, political and social aspects.
            There is no doubt that it will have initial adverse effects on the budgetary allocation of resources as well as the economy in general.

2.         For the continuation of the policy in subsequent regimes, the executive should send a bill on monetization policy to the national assembly for approval, for it to become a law in public service system. In this case, there will be continuity of the policy.

3.         Adequate appropriation for the timely and regular payment of salaries and monetized benefits should be a matter of primary concern when considering issues of monetization. Government has to consider the aspect of proper funding to meet the payment of salaries and monetized benefits. On the short run the policy would increase the budgetary appropriation of government because of the colossal and immediate disbursement of salaries together with monetized benefits to public officers. Already payments have been made in arrives. In implementing the policy, government should try and avoid being thrown into a financial predicament. The consequences of financial mess are very grievous.

4.         Sanction and disciplinary measures should be taken against public officers that will stand against implementation and smooth running of the policy. This should be applied consistently on matter whose ox is gored. The interest of the nation should take prevalence.

5.         There should be continued education and enlightenment on the benefits of the policy to public officers and the entire citizens through workshops, seminars, conferences, the print and electronic media.
            Sensitive and revolutionary reform programmes have serious consequences of the peculiar nature of being vicious during implementation. Such reform programmes requires not only sufficient as to their over all national benefits. A policy reform will not be successful if the people do not accept it.

BIBLIOGRAPHY
Asiodu, P. C. (1992), civil servants as economic managers in             Social transformation for reliance, Ibadan: fountain       publisher.
Akuezuilo, E. O. (1993), Research Methodology and Statistics,          Awka : Nuel Nigeria Publisher.
Cassils New English Dictionary, (1956), 17th Edition, London            Casett and Company Limited.
Ezeali B. O. and Edeth J. N. (2007); comparative Public          Administration cases for selected countries, Onisha chambers Publishers.
Okpata F. O. (2004); Public Administration Theory and           Practice. An integrated Approach. Enugu: Cheston Agency       limited.
Okpata F. O. (2006); Bureaucratic Communication and           Information management in Public Administration. Enugu:       Jones Communication Publisher.
Junji O. (2008); Theory and Practice of Public Administration           and Civil Service Reforms in Nigeria. Spectrum Books       Limited, Ibadan.
Okeke M. I. (2001); The Practice of Public policy analysis, Enugu:   Bismark Publishers. 
Yahaya, A. D. (1992); Servants as economic Managers II” in Social Transformation for self reliance. Ibadan: fountain       Publishers.
Ugoo E. A. (2008) Modern Public Administration, Theories and        Practice Onitsha: Abbot Book Limited.

JOURNALS  
 Haruna, U. S. (2004) Approved rate for monetization of fringe benefits in Public Service (SWC/S/04/SN67/216/2/02/2004)

NEWSPAPERS
Adeyemi P. (2004) “Monetization breeds poverty,                    Unemployment” vanguard Thursday April 29
Idnor D. (2003) Monetization express rent-scan. Daily                                    Champion, Tuesday August 5th pg 21.
Olusegun O. (2003), Approved rate for fringe benefits in the Federal Civil Service. Daily Champion, Wednesday                           Nov. 19
Uwabunkonye I. (2003) understanding monetization. Daily                Times, August 11-17 

APPENDIX

Department of Government
And Public Administration
Imo State University
Owerri
16th August 2008

Dear Respondent 

RESEARCH QUESTIONNAIRE

            This questionnaire is for a research work being conducted by (name of reseacher) an undergraduate student of the above named department/institution, you are kindly requested to answer the questions set at below which are purely for academic purpose.
            Please mark (x) in the space or box provided beside the alternative option(s) to the questions which in your opinion appropriate.
            To guaranty anonymity of respondents; your name is therefore not required.
            Thanks for your anticipated cooperation

Name of Researcher
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