EFFECT OF PENSION REFORMS ON POVERTY REDUCTION IN NIGERIA

Uchechukwu Daniel Abada, Camillus Nwachukwu Okuma

Abstract


This study examined the effect of pension reform on poverty reduction in Nigeria.  To be specific, the study appraised the effect of pension fund investment in financial assets on poverty reduction in Nigeria. The study covered a period of 12 years i.e. 2004-2015. The data for the study were sourced from Central Bank of Nigeria Statistical bulletin, National Bureau of Statistics yearbooks and Pencom Publications among others. The application of descriptive statistics and multiple regression analysis were considered suitable for the study. The findings of the sturdy revealed that Pension fund investments in financial assets have positive effect on poverty Reduction in Nigeria. It implied that pension fund played a very important role in determining the poverty level of a country. It is therefore recommended that the Federal Government focus on adequate handling of the reform package which will ensure economic growth and national development which will in turn lead to reduction in poverty level within the system.

Keywords


Reforms, pension, poverty reduction

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References


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