Implementation Of Monetization Of Fringe Benefits In The Nigerian Federal Public Service An Evaluation 1999-2007

📄 Project Abstract

This study was undertaken as a result of the high cost of providing fringe benefits in the Nigerian federal public service, which was characterised by waste, abuse and corruption, making it an intolerable burden on the government. Monetization was adopted to address these myriad of problems. The major objective of this study was to evaluate how effective the implementation of monetization of fringe benefits was done within the context of its stated objectives, the most important of which was waste control. In order to achieve the research objectives, data was collected from primary and secondary sources. The primary source consisted of survey questionnaire and interview, while secondary source consisted of Internet, Encarta 2003-2007, Textbooks, Journals, News-dailies, Periodicals and other publications. Findings showed that implementation of the monetization policy was poorly handled, thereby bringing unintended outcomes. The researcher recommended that, while some aspects of monetiza...