There are both positive and negative effect of the
monetization policy on the Nigeria civil servants. On May 29, 1999 during the
inaugural speech, president Olusegun Obasanjo had this to say.
“The corruption in the public
service and the cynical contempt for integrity in the 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 within service and on retirement”.
As a step towards sanitizing the
public service and over-handling the entire socio-economic sector, the then
president approved the monetization of fringe benefits for public servants in
October, 2003.
The journal of needs volumes six
page 92 commenting on the effect of monetization policy on workers declared that;
monetization policy will encourage public servants to make responsible
decisions about the sue of their resources. It went further state that the
monetization policy has the challenge of convincing public officers that it is
on longer business as usual a far as the enjoyment of the in-kind benefits they
were used to.
Adeyemi (2004) commenting on the
effect of monetization on workers he lamented that, the policy will create a
big gap between the junior cadre and those at the senior cadre as those at the
workshop level were denied of the furniture allowances. He further commented
that the policy will throw many public servants out of joy as can be experience
now in all the federal ministries.
Ariole (2003), in his own view holds
that the monetization policy will impose heavy taxes on workers. He also viewed
the policy as the policy that would create disparity between workers, state and
local government workers since not all states, talk less of local governments
can implement the policy on their workers.