PENSION FUNDS INVESTMENT IN THE SECURITIES MARKET AND THE NIGERIAN ECONOMY

Chizoba P  EHIOGU; Inebimowei F  KOLOGA

EHIOGU, Chizoba P Department of Insurance, Imo State University, Owerri
KOLOGA, Inebimowei F Department of Insurance, Niger Delta University, Wilberforce Island

Keywords: Pension Fund, Economic Growth, Investment, Government Securities, Corporate Debt Securities

Abstract

The study investigated Pension Funds Investment in the securities market and Nigerian Economy, sourcing to know the conducive marketplace for corporate debt and Government Securities to thrive. Employed Secondary Data and subsequently adopting the multiple regression econometric procedure of the ordinary least square (OLS) with Various preliminary and diagnostic evaluations deemed fit for further reliability carried out. The finding sin line with the stated hypotheses highlighted that pension funds invested in Government Securitiescontributed positively and significantly to the growth of the Nigerian economy. Whereas Pension funds invested in Corporate Debt Securities had unnoticed relevance on the Nigerian economy. Thus, the researcher recommended that Government should ensure prompt contribution from both the public and private sectors to facilitate the greater investment of pension funds in the capital and money markets in Nigeria as well as maintain a favorable economy to ensure the growth of pension funds in Nigeria.