ENSION FUNDS DISCLOSURES QUALITY AND THE DYNAMICS OF MINIMUM WAGE IN NIGERIA

Abstract

The interest of this research study was to investigate the influence of pension funds disclosure quality on the dynamics of minimum wage in Nigeria during the period 2010 -2020. Retirement benefit savings account and contribution density were employed as the dimensions of the predictor variable. Whereas, inflation was used as the measure of the criterion variable. Ex-post facto design was adopted to compliment the existence of secondary data. The data were sourced from the Central Bank of Nigeria bulletin and Pencom factbook. Census approach of sampling method was also useful in this study. E-view 10 statistical software was employed to carry out the statistical analyses. The results disclosed the following: positive and significant relationship between retirement benefit savings account and contributory density and inflation, From the findings, this research concluded as follows: that retirement benefit savings account and inflation move in the same direction, amongst others. The research recommended that managers of licensed PFAs and directors of MDAs in Nigeria should make laws that can maximize the disclosures in retirement benefit savings account, FRCN and PenCom should broaden PFC regulatory framework to cover asset investment.