Impact of Fuel Subsidy Removal On Lecturers` Salary: Implication on Job Performance Of Selected Tertiary Institutions In Rivers State

Abstract

Inflation and hyperinflation rate have reduced the financial powers of lecturers, which was the reason for this study, Impact of Fuel Subsidy Removal on Lecturers’ Salary: Implication on Job Performance of Selected Tertiary Institutions in Rivers State. Two specific objectives, research questions and null hypotheses guided the study. Descriptive survey research design was adopted. From the population of 78 lecturers, census survey sampling was adopted. A four-point response options questionnaire was used for data collection, and it was validated by three experts. The reliability of the instrument was established using Cronbach’s alpha which yielded alpha coefficients of 0.82 and 0.83. Mean was used to answer the two research questions, while one-way analysis of variance (ANOVA) and t-test were used to test the null hypothesis at 0.05 level of significance. Findings revealed that the negative impact of fuel subsidy removal on lecturers’ financial power and the negative implication of the impact of fuel subsidy removal on lecturers’ job performance were on a high level. It was also concluded that the government did not do enough to mitigate the sufferings of lecturers before, during and after fuel subsidy removal by reviewing salaries upwards, in accordance with the economic practicality. Among other things, it was recommended that the federal and state governments should review lecturers’ salary upward in accordance with the inflation and hyperinflation rates in Nigeria, to enable lecturers meet their family needs and job performance.