This research has investigated the effect of inflation or devaluation on the value of retirees’ benefits in
Nigeria because we believe there was need to explore welfare of retirees’ and ensure that benefit are
not devalue due to inflation. We administered a structured questionnaire to participant to obtain our
primary data. The data collected was analyzed using and regression analysis. The results based on our
findings suggest that the new PRA 2014 should be fully implement section 4(1) by the federal and state
governments pay attention on investment opportunities as prescribe be the ACT in section 85 to avoid
the effect of inflation.
