Bond/Equity Investment and Future Sustainability of Potential Retirees among Nigerian Academics in Selected Tertiary Institutions

Bond/Equity Investment and Future Sustainability of Potential Retirees among Nigerian Academics in Selected Tertiary Institutions

Author by Dr. James .a Oguntodu

Journal/Publisher: Journal Of Taxation And Economic Development Of Nigeria

Volume/Edition: 15

Language: English

Pages: 158 - 168

Abstract

Abstract

The well-being of the future is of utmost importance to every retiree. Every retiree is expected to rely on compensation from government after active service but unfortunately it has failed senior citizens most often and hence the need to determine alternative investment that can enhance the sustainability of potential retiree lecturers. Most studies on retirees were indiscriminately done on workers but not potential retiree lecturers in Nigeria. The study was carried out to determine the impact of bond/equity investment on the retirement investment goals of steady income stream of potential retiree lecturers in Nigeria academia. The study adopted survey research design. The population of the study was 5,805 lecturers for both public and private tertiary institutions that were Universities and Polytechnics. A sample of 487 was determined using Taro Yamane formula. Validated questionnaire was used in collecting primary data with Cronbach’s alpha reliability coefficients ranged from 0.70 to 0.75. The study recorded retrieval rate of 83.4%. The study adopted descriptive and inferential statistics for data analysis. The study showed that equity investment had significant effect on future sustainability of potential retiree lecturers because the result showed that there was a significant relationship between equity investment and retirement investment goals (?1 = 0.353, R2 = 19.3%, p< 0>government should encourage every individual to plan means to invest in financial asset in addition to the pension scheme to aid sustainability of every employee especially lecturers.

Keywords


Other Co-Authors