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ROLE OF INSURANCE COMPANIES IN NIGERIA’S ECONOMIC DEVELOPMENT
ABSTRACT
The subject matter of this project is quite topical, relevant and the timing is unique in the present day Nigeria. Insurance companies have a vital role to play in the transformation of Nigeria economy, so its contributions to the economic development of Nigeria are of utmost importance. Despite the enormous contribution of this key financial sub-sector to the economic development of the country over the years and its potential for future development. It is quite discouraging to note the wide spread criticism in insurance practices has created some sort of prejudice to the subsector. This project will look at the importance of insurance to individuals and corporate organisations. It will also discuss insurance contribution to economic development visa-vis Savings Mobilization, Investments Manufacturing, Agriculture and Agro-Allied Industries, real estate and Construction, General Commerce, Employment and man power development, and miscellaneous such as services, consumption, loan to staff and
policy holders. I shall then close by looking at the future prospect of the sub-sector and make necessary recommendation based on the findings that will enhance the contribution of the insurance companies to the economic development of Nigeria.
TABLE OF CONTENT
Title page- – – – – – – – – i
Approval page – – – – – – – -ii
Dedication – – – – – – – – -iii
Acknowledgement – – – – – – – -iv
Abstract – – – – – – – – – -v
Table of content – – – – – – – -vi
CHAPTER ONE
INTRODUCTION – – – – – – – -1
1.0 Background of the study – – – – -1
1.1 Statement of the problem – – – – -5
1.2 Purpose of the study – – – – – -6
1.3 Significance of the study – – – – -8
1.4 Research questions – – – – – -9
1.5 Scope of the study – – – – – – -10
CHAPTER TWO
LITERATURE REVIEW – – – – – – -11
CHAPTER THREE
Research methodology – – – – – – -39
Design of study – – – – – – – -40
CHAPTER FOUR
Presentation, analysis and interpretation of data – -48
CHAPTER FIVE
Summary of findings – – – – – – -60
Conclusion – – – – – – – – -61
Recommendations – – – – – – – -62
Suggestions for further research – – – – -64
References – – – – – – – – -65
Appendix I – – – – — – – – -68
Questionnaire. – – – – – – – -69
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