COMMERCIALIZATION AND WORKERS’ REMUNERATION- A STUDY OF NIGERIA PORTS PLC (NP PLC) LAGOS
The study is on “Commercialization and workers’ Remuneration: a study of Nigeria Ports Plc, Lagos. The study was restricted to the three sea ports in Lagos (Marina, Tin-can and Ijora Wharf) and a total no of 558 respondents who are employees of these three ports in Lagos were surveyed in the study. The cross-sectional survey design was used while six research questions were formulated to guide the study. Respondents are of both sexes. Questionnaires were administered to 540 of the respondents randomly selected among the staff who have spent five years and above in the company. Focus Group Discussion (FGDs) was used to study nine staff of the organization randomly selected from the ports while In-Depth Interview (IDIs) were administered on another nine purposively selected members of the staff, who had neither been selected for questionnaire nor FGD study. It was discovered among other things following the testing of four hypotheses at 0.05 levels of significance that: Commercialization of the Nigeria ports leads to higher wages in that establishment; there is a significant relationship between commercialization of Nigeria ports and duration of working hours there; there is a significant relationship between commercialization of Nigeria Ports and levels of profit in the organization; also increasing levels of incentives in the Nigeria ports are a significant function of commercialization of the establishment. The implications of the findings for the government and other workers were also discussed. The recommendations based on the findings were that: staff training should be a regular phenomenon; The transport scheme of the company should be re-organized for effective and efficient services, seminars and enlightenment programmes should be organized for all the stakeholders to know the way forward; The retrenched workers should be adequately compensated and trained towards achieving a better life.