ROLE OF INSURANCE COMPANIES IN NIGERIA'S ECONOMIC DEVELOPMENT
ROLE OF INSURANCE COMPANIES IN NIGERIA'S ECONOMIC DEVELOPMENT
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Date
1998-09
Authors
SHITTU, MUHAMMED ADISA
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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.
Description
CT SUBMITTED TO THE POST GRADUATE
SHCOOL, AHMADU BELLO UNIVERSITY, ZARIA, IN
PARTIAL FULFILMENT OF THE REQUIREMENT FOR THE AWARD
OF THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION (MBA)
DEPARTMENT OF BUSINESS ADMINISTRATION
AHMADU BELLO UNIVERSITY, ZARIA.
SEPTEMBER, 1998.
Keywords
ROLE,, INSURANCE,, COMPANIES,, NIGERIA'S,, ECONOMIC,, DEVELOPMENT,