EFFECT OF MICRO-PENSION UPTAKE ON PERFORMANCE OF SMES OPERATING WITHIN THE INFORMAL SECTOR OF NIGERIA
EFFECT OF MICRO-PENSION UPTAKE ON PERFORMANCE OF SMES OPERATING WITHIN THE INFORMAL SECTOR OF NIGERIA
Author(s): Kehinde Isiaq Olaiya, Bamidele M. Ilo, Abdul-Azeez Adeniyi Alao, Emmanuel Olufemi AdebayoSubject(s): Micro-Economics
Published by: Universitatea SPIRU HARET - Faculty of Accounting and Financial Management
Keywords: Demographic factors; Micro-pension; informal sector; small and medium sale enterprises;
Summary/Abstract: The objective of this research was to investigate the impacts of micro-pension schemes on small and medium-sized enterprises that operate within the informal sector of Nigeria. Data was elicited from one hundred and three (103) small and medium-scale enterprise business operators and their employees in Nigeria via the administration of a questionnaire. The study used a regression analysis model to test the stated hypotheses. According to the results, the adoption of micro-pension plans in Nigeria during the study period was significantly influenced by income level and financial literacy, but not by the socio-demographic characteristics of the participants. Therefore, it was recommended that in a bid to increase the participation of Nigerian SMEs in the uptake of micro pension schemes, efforts should be geared toward improving their level of education through various mandatory continuous education programs.
Journal: Journal of Academic Research in Economics (JARE)
- Issue Year: 15/2023
- Issue No: 2
- Page Range: 353-367
- Page Count: 15
- Language: English
- Content File-PDF