Failure of leadership and inefficient utilisation of human capital have continued to agitate the minds of researchers and managers alike in Nigeria. Therefore, this paper evaluated the relationship between leadership development and human capital condition of non-metallic product manufacturing firms registered with Manufacturers Association of Nigeria (MAN) in South East, Nigeria. A survey research design was used for the study. A sample size of 310 was utilized and drawn from a population of 2862 personnel. Data collected were presented in tables and were further analysed using mean scores and standard deviation, and the hypotheses were tested using the F-statistic. Three major findings were made, namely: that there was significant positive relationship between leadership skills and employee output at work of non-metallic product manufacturing firms in South East, Nigeria [ F(4,20 = 13.07771), p < 0.05]; there was significant positive relationship between managers’ level of education and operational cost of non-metallic product manufacturing firms in South East, Nigeria [ F(4,20 = 19.89737), p < 0.05] and that there was a significant positive relationship between leadership training and team building and or cohesion among staff of non-metallic product manufacturing firms in South East, Nigeria [ F(4,20 = 15.98143), p < 0.05,5]. Hence, it was concluded that there was positive relationship between leadership development and human capital condition of non-metallic product manufacturing firms in South-East, Nigeria. It was therefore recommended that management of non-metallic manufacturing firms in South-East, Nigeria, should install and implement regular staff training and retraining programmes, coupled with robust staff welfare/reward packages, which motivate them for optimum productivity.
This study investigated the effect of inflation on pension fund investment in federal government securities in Nigeria utilizing time series data spanning from 2007 to 2019. Ex-post facto was the research design used in the study. Secondary data for the period were collected from the National Pension Commission Annual Reports and Central Bank of Nigeria Statistical Bulletin. Data collected were analyzed and tested for unit root, using the Augmented Dickey-Fuller test. While Ordinary Least Square (OLS) estimation technique was used to test the hypothesis. The result revealed that inflation rate did not significantly impact on pension fund investment in federal Government Securities in Nigeria. This result implies that pension funds invested in federal government Securities yield adequate return on investment capable of withstanding the adverse effect of rising rate of inflation in Nigeria. This could be that, the volumes of monthly pension contributions channeled into Federal Government Securities actually cover the effect of inflation on pension fund investment in federal government securities in Nigeria. Based on the findings of the study, it was concluded that inflation did not significantly impact on pension fund investment in federal government securities in Nigeria. In line with the findings of the study, it was recommended that Nigerian Pension Industry should continue to advocate that policy makers target reduction in the monetary policy rate and also stabilize the value of Naira in order to enhance actual value of pension benefits in the long run. Also, the National Pension Commission should differentiate the monthly contributions that come into the pension fund investment in the annual report so as to determine the actual return on investment of various securities where pension fund is invested.
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