Challenges of Minimum Wage Implementation and Management in the Nigerian Public Sector a Game Theory Analysis

Anakwuba Blessing Winny and Nwogwugwu Uche Collins
Additional contact information
Anakwuba Blessing Winny: Department of Economics Nnamdi Azikiwe University, Awka
Nwogwugwu Uche Collins: Department of Economics Nnamdi Azikiwe University, Awka

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 12, 1285-1291

Abstract: Minimum wage is a major instrument established by the International Labour Organization (ILO) to protect workers from unjustified low pay and to ensure equitable share of the proceeds of labour. This helps to alleviate poverty among low-income earners and ensure they are able to take care of their basic needs. However, in most developing countries like Nigeria, workers struggle to survive as the minimum wage is hardly enough to take them home. In some cases, the government find it difficult to honor agreements like wage increase or changes in working conditions; hence the incessant protests and strikes by the workers union represented by the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC). The government also finds it difficult to raise wages for workers resulting in disagreements. Using the Game Theory, this study therefore shows how both the government and the workers union can manage the challenges of wage disputes through bargaining so that everyone is better off. As a result, the government and the economy will not lose millions of Naira due to deadlocks and strikes, while workers will not lose productivity and wages due to ‘No work, no pay’ policy of the government. It is recommended that both the government and the labour union should negotiate their diverse terms for each party to have a better pay-off.

Date: 2024
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijriss/ ... sue-12/1285-1291.pdf (application/pdf)
https://rsisinternational.org/journals/ijriss/arti ... ame-theory-analysis/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:8:y:2024:i:12:p:1285-1291

Access Statistics for this article

International Journal of Research and Innovation in Social Science is currently edited by Dr. Nidhi Malhan

More articles in International Journal of Research and Innovation in Social Science from International Journal of Research and Innovation in Social Science (IJRISS)
Bibliographic data for series maintained by Dr. Pawan Verma ().