Econ­o­mist urges re­view of work­ers’ salary to boost pro­duc­tiv­ity

Daily Trust - - NEWS - (NAN)

An Econ­o­mist, Prof. Ben Aig­bokhan, has called on the Fed­eral Govern­ment to re­view work­ers’ salary to boost pro­duc­tiv­ity in the coun­try.

Aig­bokhan, Pres­i­dent of Nige­ria Eco­nomic So­ci­ety, made the call in an in­terview with the News Agency of Nige­ria (NAN) in Abuja on Sun­day.

Ac­cord­ing to him, up­ward re­view of the salary will help to re­duce restive­ness which is ca­pa­ble of dis­rupt­ing do­mes­tic pro­duc­tion.

He also rea­soned that up­ward re­view of salary might fur­ther fuel in­fla­tion as em­ploy­ers would at­tempt to re­coup their profit by in­creas­ing the cost of goods and ser­vices.

``If the cost of liv­ing in ma­jor cities is taken into ac­count in fix­ing salaries, dis­par­ity may be de­fen­si­ble, but if pro­duc­tiv­ity dif­fer­en­tial is taken into ac­counts for the dis­par­ity, then govern­ment should dis­cour­age it.

“This breeds dis­con­tent and cor­rupt prac­tices in work­ers who con­sider them­selves dis­ad­van­taged in the salary struc­ture,’’ he said.

On in­fla­tion rate, the lec­turer said that the govern­ment should in­crease sup­ply of goods to check ris­ing prices in the face of de­mand.”

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