Investment Marketability and Future Sustainability of Potential Retirees Among Nigerian Academics in Selected Tertiary Educational Institutions

Oguntodu J. A (), Alalade Y. S. A () and Folarin N. A ()

International Journal of Asian Social Science, 2020, vol. 10, issue 10, 574-582

Abstract: Every retiree is expected to have confidence in government compensation after active service but unfortunately the situation has changed to the extent that senior citizens are now expected to determine alternative investment that can enrich the sustainability of potential retiree lecturers. Most studies on retirees were generally on workers but not potential retiree lecturers in Nigeria. The study was carried out to determine the impact of investment marketability on the retirement investment goals of steady income stream of potential retiree lecturers in Nigeria academia. The study adopted survey research design. The study used 5,805 lecturers from both public and private tertiary institutions that were Universities and Polytechnics. A sample of 487 was determined using Taro Yamane formula. Validated questionnaire was used in collecting primary data with Cronbach’s alpha reliability coefficients ranged from 0.70 to 0.75. The study recorded retrieval rate of 83.4%. The study adopted descriptive and inferential statistics for data analysis which was done using SPSS version 20. The study showed that investment marketability had significant effect on future sustainability of potential retiree lecturers because the result showed that there was a significant relationship between investment marketability and retirement investment goals (β1 = 0.278, R2 = 12.4%, p< 0.05).The study concluded that investment marketability lead to future sustainability of potential retiree lecturers and equally recommended that government should encourage every individual to plan means to invest in financial asset due to high rate of convertibility for employee, especially lecturers.

Keywords: Alternative investment; Convertibility; Financial consistency; Retiree lecturers; Senior citizens and workers sustainability. (search for similar items in EconPapers)
Date: 2020
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