Pension Fund Administration and Infrastructure Financing in Nigeria
Micah Leyira Christian *
Department of Accounting, Faculty of Management Sciences, University of Port Harcourt, Rivers State, Nigeria
Obah Godpower Wobiaraeri
Department of Accounting, Faculty of Management Sciences, University of Port Harcourt, Rivers State, Nigeria
*Author to whom correspondence should be addressed.
Abstract
The study investigated the relationship between pension fund administration and infrastructure financing in Nigeria. The study answered four research questions and also tested four hypotheses. The correlational research design was used for the study. The population of the study consisted of all the licensed pension fund administrators in Nigeria. A simple random sampling was used to select 108 respondents for the study. The secondary data and questionnaire was used to elicit information from the respondents after the reliability and validity test. The research questions were analyzed using descriptive statistics, while the hypotheses were tested using Pearson Products moment correlation vie SPSS at 95% level of confidence. Findings from the study show that there is Relationship between Retirement Pension Account and Return on Economic and Social Infrastructural Financing; also the study found that there is a significant Relationship between Superannuation Pension Account and Economic and social Infrastructural Financing in Nigeria. With the pool of pension funds, investment in infrastructure projects will be very meaningful and relevant to the growth of Nigeria’s economy.
Keywords: Pension fund administration, infrastructure financing, economic growth