AUTHOR: NOSIRI, HILARY UKACHUKWU
DEPARTMENT: VOCATIONAL EDUCATION
AFFILIATION: NNAMDI AZIKIWE UNIVERSITY, AWKA
The study was designed to determine the techniques proposed by stockbrokers for mobilizing Nigerian civil servants to invest in shares. Four research questions were raised to guide the study, while four null hypotheses were tested at 0.05 level of significance. The study adopted a descriptive survey design. The population of the study comprised of all 354 stockbrokers from the south-east geo political zone of Nigeria. There was no sampling as the size of the population was manageable. A validated structured questionnaire was used for data collection. The reliability of the instrument was established using Cronbach Alpha measure of internal consistency and a reliability co-efficient of 0.80 was arrived at. Data collected for the study were analyzed using mean ratings and standard deviation for the research questions and z-test for the null hypotheses. Major findings of the study revealed that organizing seminars for civil servants, holding talk shows for workers, sponsoring luncheon seminars for civil servants and daily report of account balances among others were proposed by stockbrokers as techniques for mobilizing civil servants to invest in shares. It was concluded that civil servants should seek investment opportunities and benefits for more financial empowerment in this era of economic melt-down. Investment in the NSE offers civil servants avenues for creating more wealth during and after service. Based on the findings and conclusions, the researcher recommended that government should support all legitimate efforts towards boosting the purchasing powers of the Nigerian civil servants and that the Nigerian Labour Congress, in collaboration with NSE agents, should use the identified awareness creation avenues to enlighten workers on NSE investment opportunities and benefits.
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Tags: Arbitrage Pricing Theory, Bond, Capital Asset Pricing Model Theory, Central Securities Clearing System, Certificate-of-Deposit, civil service, Compulsory Retirement Age, Education, Efficient Market Hypothesis Theory, Gallioping Inflation, Nigerian Labour Congress-NLC, Portfolio Manager., Portfolio Theory, Saving Strategies, Securities and Exchange Commission, Share Investments-Benefits, Shareholding, Stock Market, Underwriters