ABSTRACT

This research project is done to ascertain the effects of pension fund management and economic growth in Nigeria. The Nigerian economy will serve as the population of the study, that is, pension fund management and economic growth in the Nigerian economy. The sample is restricted to pension fund management and Nigerian economy target variables such as; total pension contribution, total pension asset, total pension investment and real gross domestic product within the time frame of 2011 to 2020 (a 10- year interval). The study used the ordinary least square (OLS) econometric technique on variables such as total pension contribution (TPC), Total pension asset (TPA), total pension investment (TPI) and real gross domestic product (RGDP). Therefore, the empirical results generally indicate that pension fund management does have the capacity of improving the economy of Nigeria. Conclusively, this research project recommends that for improved economic growth in terms of RGDP, pension funds should be invested more in ordinary shares and corporate debt securities, investment of pension funds in money market instruments should be discouraged while investment of pension funds in federal government securities should be done with caution. Also, there should be an increase in investment outlets of pension funds to ensure that investible pension funds are not limited to few investment classes which might lead to diminution of income.