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ABSTRACTThis study examined the impact of pension funds administration on savings culture in Nigeria for the period spanning 2007 to 2016. Quarterly data of the relevant variables were obtained from secondary sources which included National Bureau of Statistics 2016 and World Bank Country data 2016 covering the period. The ordinary least squares (OLS) regression techniques were utilized for the test and analyses and this was preceded by an evaluation of some characteristics of the variables used. Empirical results obtained showed that pension funds administration had a negative and significant effect on savings culture in the country; hence pension funds administration hindered the growth of savings in Nigeria. Estimated results also showed that income had a positive and significant impact on savings; hence income promoted savings in the country.
Finally, the results showed that lending rate and savings were inversely related with the former having a significant influence on the latter. The study therefore recommended among others that regulators of pension fund managers should, as a matter of urgency and in the overall interest of Nigeria’s economy, enlarge pension fund managers to invest in productive sectors of the economy.
