A review of babatunde alayande’s “funded pension, financial sector development and economic growth in nigeria” | Zendy

Olayinka Kehinde Binuomoyo | Zendy

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A review of babatunde alayande’s “funded pension, financial sector development and economic growth in nigeria”

Author(s) -

Olayinka Kehinde Binuomoyo

Publication year - 2015

Publication title -

journal of management and science

Language(s) - English

Resource type - Journals

eISSN - 2250-1819

pISSN - 2249-1260

DOI - 10.26524/jms.2015.25

Subject(s) - pension , context (archaeology) , finance , economics , financial sector , stock (firearms) , public finance , pension system , financial market , business , economic policy , economic growth , macroeconomics , mechanical engineering , paleontology , engineering , biology

Based for the most part on the inadequacies of the defined benefit scheme (DBS) more because of the DBS" financial unsustainability and lack of capacity to enhance and entrench economic growth, Babatunde Alayande"s article analyzes the behavior of both the DBS and the contributory pension scheme (CPS) in the context of the Nigerian economy, and the country"s strong desire for funds and investments towards development. The article emphasized the influence of funded pension (as a savings stock) in spurring financial growth and enhancing development project financing. In sum, pension reform is identified as crucial because of its economic effects considering the link between contributions and benefits, pension funds contribution to financial markets development, and the efficiency of the public finance system. Reviewed Paper: Alayande, Babatunde (2012), "Funded Pension, Financial Sector Development and Economic Growth in Nigeria" In (eds: Olanrewaju Olaniyan, Akanni O. Lawanson and Babatunde Alayande), Financial Sector Issues and Economic Development in Nigeria. IBADAN: Ibadan University Press, pp. 301-323.

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