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

Enyi P Enyi, FF Adegbie, JA Oguntodu

Abstract


Life after retirement is what many employees look forward to. However, the dependent on government pension scheme has failed majority of the senior citizen overtime hence the need for complementary source of fund to keep the future safe. Most studies on retirees were generalized on workers but not potential retirees that are lecturers in Nigeria. The study was carried out to determine the impact of bond investment on the retirement investment goals of steady income stream of potential retirees 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 which was determined using Taro Yamane formula was used. 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 Bond Investment had significant effect on future sustainability of potential retirees that are lecturers because the result showed that there was a significant relationship between Bond investment and retirement investment goals (β1 = 0.529, R2 = 22.4%, p< 0.05). The study concluded that Bond Investment lead to future sustainability of potential retirees that are lecturers and equally recommended that government should encourage every individual to map out means to invest in financial asset in addition to the pension scheme to aid sustainability of every employee.

Keywords: Employees, Phase of Life, Professionals, Retirement Plan, Universities and Polytechnics

How to cite this article: Oguntodu JA , Enyi EP, Adegbie FF. Bond Investment and Future Sustainability of Potential Retirees among Nigerian Academics in Selected Tertiary Institutions. J Adv Res Acct Fin Mgmt 2019; 5(1&2): 1-7.


Keywords


Keywords: Employees, Phase of Life, Professionals, Retirement plan, Universities and Polytechnics

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References


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