MANAGING WORKERS’ WAGES DURING ECONOMIC RECESSION IN NIGERIA’S TERTIARY INSTITUTIONS

Workers are the producers of wealth, indeed they are wealth creators. The surplus value from this wealth most times is appropriated to the detriment of the workers who produce it. The relationship between the workers and their employers is mainly determined by how management meet-up with the workers’ wages in an organization. Nigeria as a nation currently experienced a serious economic recession between 2016 and 2017. During this period, money in circulation is few and scarce. It is in view of this reality that this paper looks at the management of funds in payment of workers’ remunerations in tertiary institutions during economic recession.