Assessment of the Contributory Pension Fund Governance in Nigeria:
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Date
2025-02-10
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Abstract
The study evaluates contributory pension fund governance structure in Nigeria and determines
the pension beneficiaries’ perceptions of the pension fund governance. The study’s population
is the twenty licensed pension fund administrators and 10,009,230 pension beneficiaries.
Seventeen pension fund administrators were purposefully selected, and 500 pension
beneficiaries selected as sample through the snowball sampling technique. Primary data are
gathered from a 500-selected sample, while secondary data on the sixteen-fund governance
index were sourced from the annual published and governance reports of the pension fund
administrators and PENCOM. The data were analysed using content and descriptive analyses.
Results show that pension beneficiaries do not participate in the management of principal-agent
conflicts of interest embedded in pension fund management through representation on the board
of directors of pension fund administrators. Besides, pension beneficiaries perceive that their
interest is not well protected, and the returns earned on their pension fund assets are not
satisfactory
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Ololade, B. M (2025). Assessment of the Contributory Pension Fund Governance in Nigeria: A Stakeholders’ Perspective. Nigerian Journal of Public Sector Management,