CIVIL SERVANTS’ PERCEPTION OF THE NEWLY APPROVED MINIMUM WAGE OF SEVENTY THOUSAND NAIRA: A CASE STUDY BASED IN ADEYEMI FEDERAL UNIVERSITY OF EDUCATION, ONDO.
Abstract
This study investigates the perception of civil servants at Adeyemi Federal University of Education, Ondo, regarding the newly approved ₦70,000 minimum wage. It explores how this wage adjustment impacts their financial well-being, job satisfaction, and living standards. The study adopts a survey research design, employing structured questionnaires to collect data from 150 respondents, comprising both academic and non-academic staff. Analysis reveals that most respondents perceive the new wage as insufficient to significantly improve their living standards or meet basic needs, although some associate it with reduced financial stress and enhanced job motivation. These findings suggest that while the wage increase provides modest benefits, it falls short of addressing broader financial challenges exacerbated by persistent inflation and rising living costs. The study recommends complementary policies to enhance the minimum wage's impact, including inflation control measures and targeted support programs to improve civil servants' economic resilience.
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