Effect Of Pension Reforms On Economic Growth Of Nigeria (2004-2015):- Unya, Davies E.

ABSTRACT

 The study investigated on effect of pension reforms on economic growth of Niger a 2004-2015. The major objectives of the study are to examine the effect of contn xition pension scheme on real gross domestic product of Nigeria and to determine the effect of pooled pension funds investment on economic growth of Nigeria. To achieve the objectives of the study, ex-post facto research design was adopted. 1 he researcher adopted secondary data in getting the required information. Data were collected from CBN statistical bulletin and Nation Pension commission. In testing the hypotheses, regression analysis was used. The findings revealed that Contributory pension scheme has no signiilcant and positive effect on real gross domestic product of Nigeria. The findings further revealed that the investment of pooled pension funds has no significant effect on real gross domestic product of Nigeria. The researcher recommends that Committees should be set up to audit the perfonnances of pension boards and other pension bodies. The researcher also recommends that Government should put in place legislative instrument that would ensure that the reform would be implemented over an infinite horizon (long term) such that it would align with political economy of the count y and enjoy the support fi*om subsequent government.