ABSTRACT
This study was undertaken as a result of the high costof providing fringe benefits in the Nigerian federal
public service, which was characterised by waste,abuse and corruption, making it an intolerable burdenon the government. Monetization was adopted to address these myriad of problems. The major objective of this study was to evaluate how effective the implementation of monetization of fringe benefits was done within the context of its stated objectives, the most important of which was waste control. In order to achieve the research objectives, data was collected from primary and secondary sources. The primary source consisted of survey questionnaire and interview, while secondary source consisted of Internet, Encarta 2003-2007, Textbooks, Journals, News-dailies, Periodicals and other publications.
Findings showed that implementation of the monetization policy was poorly handled, thereby bringing unintended outcomes. The researcher
recommended that, while some aspects of monetization like official vehicles were effective in waste control, there were other aspects like auction of government houses that needed to be reversed.
Government did not show enough commitment in the implementation of monetization policy. It was
recommended that government should have demonstrated more commitment in implementing the policy and avoid whimsical inconsistency in the process to achieve the main objective of controlling waste
