Federal finance and statistics / Central Bank of Nigeria

Transmission Effect of Contributory Pension Scheme to Economic Growth in Nigeria: Structural Vector Autoregressive (SVAR) Approach

This study examines the transmission effect of contributory pension scheme on Nigeria’s economic growth using quarterly data from 2010 to 2023. The study is grounded in the Solow growth and Harrod–Domar models as its theoretical framework and employs a Structural Vector Autoregression (SVAR) approach for data analysis. The results show that economic growth responds positively to changes in pension fund assets and contributions. It also reveal that pension fund assets respond positively to | Keywords: Contributory pension scheme, economic growth, pension fund asset, pension fund contribution.

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Source	Central Bank of Nigeria
Collection	Federal finance and statistics
Kind	Document
Publisher	Central Bank of Nigeria
Date	2026-02-17
Type	document
Found at	https://www.cbn.gov.ng/api/GetAllDocuments
Archived copy	Look it up in the Wayback Machine
Record ID	`cbn:cbn:6ecfad6a7d70236f`

Cite this record

Transmission Effect of Contributory Pension Scheme to Economic Growth in Nigeria: Structural Vector Autoregressive (SVAR) Approach. Central Bank of Nigeria, 2026. Vero Archive, record cbn:cbn:6ecfad6a7d70236f.