Category Archives: International Journal of Management Studies, Business and Entrepreneurship Research 2018

The Effect of Funded Pension on the Economic Growth in Nigeria

Mathew Olasehinde Fashagba, PhD

Department of Business Administration

Ibrahim Badamasi Babangida University, Lapai, Niger State

E-mail: mfashagba@yahoo.com

ABSTRACT

Contributory pension scheme was adopted in 2004 in Nigeria in order to solve the crisis laden old pension scheme. The scheme provides for funds through contributions from both employers and employees in the country for the employee’s retirement benefit. The funded created by the adoption of the new scheme has enhanced the financial deepening. The objective of the study is to seek the effect of the new scheme on the economic growth in Nigeria. The study employs secondary data of the gross domestic product and pension funds from both public sector and private sector for period in ten years due to availability of data. The method of data analysis used in the study is ordinary least square. The study finds empirical evidence that the adoption of the new pension fund have significant positive impact on the economic growth in Nigeria. The study recommends for the consolidation of the contributory pension scheme to enhance the economic growth of the country,

Keywords: Private Sector, Public Sector, Pension Scheme, Economic Growth

Effect of Change Management on Organizational Performance of Nigerian Telecommunication, a Study of Airtel of Nigeria, Enugu, Enugu State

Melletus Uchechukwu Agbo

Department of Business Administration

Michael Okpara University of Agriculture Umudike, Abia State, Nigeria

Email: agbomellitus@yahoo.com

ABSTRACT

The rate of competition in the telecommunication industry in Nigeria is moving at a leap frog basis due to changes in technology, product and services, customer taste among others. This has made change management experts to emphasize on the importance of establishing organizations readiness for change and have crafted various strategies for creating it because successful management of change is crucial to any organization to survive in the present highly competitive and continuously evolving business environment. Change management is a planned tool for the transition of individuals, groups and organizations from existing state to a required future state. Thus, managing a change process is as important as change itself. This study therefore examines empirically change management and its effects on organizational performance of Nigerian telecommunication industries. In conducting this study, a total of 300 staffs of Airtel were randomly selected from a staff population of 1000. Three hypotheses were advanced to guide the study and data collected for the study were analyzed using One-way Analysis of Variance. The result revealed that changes in technology have a significant effect on performance and that changes in customer taste has a significant effect on customer’s patronage. The result also shows that a change in management via leadership has a significant effect on employee’s performance. Based on the findings of the study, recommendations were made that telecommunication industries in Nigeria should be pro-active to changes in such a competitive environment so as to experience smooth implementation of such changes. The study therefore concludes that nothing remains still in the world of business as change is the only thing that is constant. Change managers should therefore successfully manage the human side of change in order to avoid resistance to change using the appropriate change strategies, thus, enhancing overall performance of the industry.
Keywords: Change managements, effects, changes in technology, customers taste, change implementation and performance.