A Compared Analysis of the Structure and Nature of Contributory Pension Scheme between Nigeria and India

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Date
2017
Authors
MODIBBO, Nasiru,
SAMBO, Suleiman
AZAREMA, Abdu
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Abstract
Problems of high expenditure burden, disparities of scheme and demographic changes forced countries like India and Nigeria to reform and adopt contributory pension schemes as a major. A compared analysis of the scheme through a content analysis revealed similarities with regards to privatisation, government regulatory role, skewedness of the scheme in favour of government and dissimilar in the areas decentralisation level, and flexibility. Therefore the study concluded by acknowledging the inevitability of pension reform in both countries and thus suggested that india should reconsider its structure of pension administration for the benefit of economy of scale and Nigeria should adopt a flexible pension policy with regards to withdrawals by adopting the Indian measure or even make it better.
Description
Imperial Journal of Interdisciplinary Research (IJIR) Vol-3, Issue-2, 2017
Keywords
Compared Analysis,, Structure and Nature,, Contributory Pension Scheme,, Nigeria and India
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