The Role Of Insurance Industry In The Development Of Nigerian Economy (A Case Study Of Nicon)
ABSTRACT
The focus of this study has been to critical examine the role of
insurance industry in the development of Nigerian Economy by
specifically tracing the origin and growth of insurance in Nigeria,
the different types of insurance policy as well as their benefits. To
achieve these objective, the research methodology applied
includes both descriptive and quantitative analysis based entirely
on secondary data drawn from publications of the Nigerian
Insurers Association (NIA), Central bank of Nigeria (CBN) and the
Federal Office of Statistics (FOS). After a critical analysis of
secondary data, it was found out that the number of insurance
industry does not contribute to the growth of Nigerian economy
and the insurance sector contributes to the growth of the
Nigerian economy. On the whole, it is recommended that the
insurance sector should educate and sensitize the public on the
uniqueness and importance of insurance thereby correcting their
iiiisconception S.
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OSOKA, M (2021). The Role Of Insurance Industry In The Development Of Nigerian Economy (A Case Study Of Nicon). Repository.mouau.edu.ng: Retrieved May 14, 2024, from https://repository.mouau.edu.ng/work/view/the-role-of-insurance-industry-in-the-development-of-nigerian-economy-a-case-study-of-nicon-7-2
MADUKA, OSOKA. "The Role Of Insurance Industry In The Development Of Nigerian Economy (A Case Study Of Nicon)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 04 Jun. 2021, https://repository.mouau.edu.ng/work/view/the-role-of-insurance-industry-in-the-development-of-nigerian-economy-a-case-study-of-nicon-7-2. Accessed 14 May. 2024.
MADUKA, OSOKA. "The Role Of Insurance Industry In The Development Of Nigerian Economy (A Case Study Of Nicon)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 04 Jun. 2021. Web. 14 May. 2024. < https://repository.mouau.edu.ng/work/view/the-role-of-insurance-industry-in-the-development-of-nigerian-economy-a-case-study-of-nicon-7-2 >.
MADUKA, OSOKA. "The Role Of Insurance Industry In The Development Of Nigerian Economy (A Case Study Of Nicon)" Repository.mouau.edu.ng (2021). Accessed 14 May. 2024. https://repository.mouau.edu.ng/work/view/the-role-of-insurance-industry-in-the-development-of-nigerian-economy-a-case-study-of-nicon-7-2