A Development Economist, Dr Chiwuike Uba, has criticised the proposed move by the Federal Government to review salary of workers, saying that it would only worsen Nigeria's current precarious fiscal situation.
A Development Economist, Dr Chiwuike Uba, has criticised the proposed move by the Federal Government to review salary of workers, saying that it would only worsen Nigeria’s current precarious fiscal situation.
The Chairman of Amaka-Chiwuke-Uba Foundation, who spoke to The Guardian in Enugu on the proposed salary increase following the removal of fuel subsidy, insisted that over the years, salary increases in Nigeria have been based on political correctness and labour union pressure, not on productivity, adding that the current move would be compounded by the fact that over 70 per cent of the annual budget is spent on recurring costs.
“Moreover, labour productivity is virtually nil, with an average of 1.14 per cent, compared to Egypt’s average of 5.85 per cent, 4.74 per cent in South Africa and 4.15 per cent in Ghana. While it is acceptable for Nigerians to be hard working people, it is important to determine the extent to which the work is productive. Every effort placed in an activity that does not produce anything is futile.
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