Year: 2024
Type: article
Abstract: The study investigated the impact of pension fund assets on misery reduction in Nigeria for the period, 2004-2022. Misery index, pension fund assets, private sector pension fund contributions, public sector pension fund contributions and number of retirement savings account were variables of interest. Ex-post facto research methodology was used given the availability of data on variables of interest. Thereafter, error correction mechanism (ECM) test was employed to analyze the data. Findings showed that pension fund assets had positive and significant impact on misery reduction in Nigeria. Similarly, private sector pension fund contributions, public sector pension fund contributions and number of retirement savings account had positive and significant impact on misery reduction in Nigeria. The study recommends that pension administrators in Nigeria should fashion out ways of investing in viable assets so as to achieve increased return on assets. With this, prompt payment of pensions to retirees would be ensured thereby reducing misery in Nigeria.
Authors: Esther Uduma, Michael Ekwe, Nwaorgu A.
Institution: Michael Okpara University of Agriculture
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4407373131