PENSION FUND MANAGEMENT AND ECONOMICS GROWTH IN NIGERIA

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ABSTRACT

This study focus on establishing the relationship between pension fund management and economic growth in Nigeria. To facilitate the study, various hypotheses were stated on the relationship between pension fund investment and economic growth in Nigeria within the period of 2005 to 2020. The ordinary least squares econometric tool was employed to empirically examine the relationship. The study's population is the Nigerian economy, specifically the impact of pension fund growth on the Nigerian economy. The sample is limited to pension fund growth and Nigerian economy target variables such as total pension investment, total pension asset, total pension contribution, and real GDP between 2005 and 2020 (16 years). The study concludes that the relationship between pension investments on government bonds, inflation rate, and exchange rate is positive and statistically significant with economic growth. Therefore, pension fund investment is germane to the growth of the economy.

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