-
Employee Motivation : An Effective Tool To Enhance Worker’s Productivity
[A CASE STUDY OF AFRI BANK OF NIGERIA PLC]
CHAPTER ONE -- [Total Page(s) 4]
Page 2 of 4
-
-
-
1.5 SCOPE AND LIMITATION OF THE STUDY
There are certain motivational factors that would account for a specific type of behaviour (better performance, higher productivity) from the workers. The area which the study covers are:-
ï® Motivation and employee services
ï® Maslow’s hierarchy of needs
ï® McGregor theory x and theory Y
ï® McClelland theory of human motives
ï® Victor Vroom’s expectancy theory
ï® motivational techniques
ï® Relationship between fringe benefit and motivation.
ï® Relationship between motivation and performance.
The study also takes a case study of Afribank of Nigeria Plc and twenty five (25) numbers of respondents to arrive at the objective of the study.
HISTORICAL BACKGROUND OF AFRIBANK NIGERIA
PLC
Afribank Nigeria plc, formerly known as International Bank for West Africa (IBWA) was granted a license to carryout banking business on 26th October, 1959 and began operations on 4th January, 1960 with the opening of a branch in Kano and shortly afterwards another branch was opened in Apapa. The head office was subsequently established in 1960 at 94 Broad Street, Lagos. Originally owned by banque del Afrique Occidental (BIAO†IBWA’’) To reflect its 49% acquisition In 1964 by First National City Bank Icn. and consequently, its has international ownership.
The Bank was later incorporated under the Nigeria companies Act of 1968 as a private limited liability company on 30th May, 1969. In 1976, the federal government of Nigeria has 60% ownership of the bank, later 10% was off loaded by the staff trustee ownership scheme while BIAO retained 40% shareholding on technical partnership. Afribank is one of the most diversify banks in the country over the last few years. The Bank has worked itself up to be among the top four (4) leading banks in Nigeria and it has a network of 250 branches covering entire country with an asset base of over N11.06 billion and a wide spectrum of corporate institution and individual customers that enjoy the professional services of the Bank.
CHAPTER ONE -- [Total Page(s) 4]
Page 2 of 4
-
