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PROSPECT OF PENSION ADMINISTRATION IN PUBLIC SECTOR OF NIGERIA
Abstract
The research work is based on the Prospect of Pension Administration in Public Sector. The objective this study was to examine if PENCOM has strong capacity in the area of corporate governance to enhance the actualization of the set objective of the defined contributory pension system. Secondly, to determine if exiting reforms measures capable of bringing remedy to problems of pension system in Nigeria and also to investigate whether there is generous existence of economic framework to support and force good corporate governance. The population of the study is Nnamdi Azikiwe University Teaching Staff and the staff of National Engineering Design Development Institute. The questionnaire was analyzed using statistical tools (mean, standard deviation and Kolmogorov Sminov test. The result of the analysis showed that corporate governance in pension industry in Nigeria is still being faced with a lot of challenge and the National Pension commission lacks prompt and adequate sanction breaches. Also, we obtained that there is generous existence of economic framework to support and force good corporate governance in Nigeria new pension reform and the reform measures were agreed to be adequate. The response from the respondents was found to be reliable.
Keywords Research, Governance, Economic Frame Work, Commission, Reform, Reliable