ABSTRACT
This study evaluates the effectiveness of National Provident Fund in attempting to satisfy family social needs and examines the potential area which magnify unmet needs. The first research task was to trace the evolution of Provident Funds over the past years and then conduct a sample survey to select retired persons from private and public sectors of the economy from Lagos and one other community, Benin City, with a smaller population and with a lower cost of living. Comparative studies of the situation of retired persons from these two sectors as well as retired persons who were not enjoying any social security scheme at all were made with a view to determining the effectiveness of the National Provident Fund (NPF) scheme.
The results of the study revealed that more retired old people who were on pension scheme survived better to higher ages than those who were either on NPF or those who were not on any form of social security scheme. ages of those who were on NPF scheme were slightly higher than those who were not on any form of social security scheme. The data also showed a tendency for sample cases in Benin to attain higher age levels than their counterparts in Lagos.
ADEBAGBO, S (2021). Social Security And Family Social Needs: A Study Of The Effectiveness Of The National Provident Fund In Nigeria. Afribary. Retrieved from https://afribary.com/works/social-security-and-family-social-needs-a-study-of-the-effectiveness-of-the-national-provident-fund-in-nigeria
ADEBAGBO, SOLOMON "Social Security And Family Social Needs: A Study Of The Effectiveness Of The National Provident Fund In Nigeria" Afribary. Afribary, 06 May. 2021, https://afribary.com/works/social-security-and-family-social-needs-a-study-of-the-effectiveness-of-the-national-provident-fund-in-nigeria. Accessed 05 May. 2024.
ADEBAGBO, SOLOMON . "Social Security And Family Social Needs: A Study Of The Effectiveness Of The National Provident Fund In Nigeria". Afribary, Afribary, 06 May. 2021. Web. 05 May. 2024. < https://afribary.com/works/social-security-and-family-social-needs-a-study-of-the-effectiveness-of-the-national-provident-fund-in-nigeria >.
ADEBAGBO, SOLOMON . "Social Security And Family Social Needs: A Study Of The Effectiveness Of The National Provident Fund In Nigeria" Afribary (2021). Accessed May 05, 2024. https://afribary.com/works/social-security-and-family-social-needs-a-study-of-the-effectiveness-of-the-national-provident-fund-in-nigeria