FOREIGN INVESTMENT AND FINANCIAL GROWTH OF COMPANIES IN INSURANCE SECTOR NIGERIA
- Project Research
- 1-5 Chapters
- Quantitative
- Regression
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
This work studies the foreign investment and financial growth of companies in insurance sector Nigeria in the wake of the unprecedented capital flight from the Nigerian economy during the recent global economic recession (the credit crunch). Data which are secondary data nature were obtained from statistical bulletins of the Central Bank of Nigeria. The expost-facto research design was adopted to determine the level of the impact for 25 Insurance industries for the period 2006-2010. The ordinary least square (OLS) estimation technique was employed using statistical packaging for social sciences (SPSS) computer software version 16.0 for statistical analysis. Results revealed that there is a non-positive significant impact of foreign direct investment on the equity capital of the Nigerian Insurance industry, there is a negative insignificant impact of foreign direct investment on the growth of the Nigerian Insurance industry and there is a negative insignificant impact of foreign direct investment on the total assets of the Nigerian Insurance industry. It is recommended therefore that the Nigerian Government should take more seriously the responsibility of creating an enabling environment for effective, value- adding foreign direct investment in the Insurance industry without losing the prerogative of sovereignty. It is also recommended that already existing foreign direct investment in Nigeria should be sustained and that Government should begin to look at foreign direct investment from a deeper perspective. The quality and structure of foreign direct investment should now be viewed from the perspective of investment in broader aspects of the economy (i.e power, manufacturing, banking, and export-oriented industries) and the use of local suppliers, rather than a lopsided focus on extractive industries.
Related Project Materials
The Effect of Real-Time Stock Monitoring on Retail Supply Chain Efficiency: A Study of Supermarkets in Kaduna State
Background of the Study
Real-time stock monitoring (RTSM) has emerged as a critical to...
The Impact of Nurse-Patient Communication on Patient Satisfaction at Ahmadu Bello University Teaching Hospital, Zaria
Background of the Study
Effective nurse-patient communication is crucial to the delivery of quality healthcare, as it impacts various out...
Evaluation of Data-Driven University Admission Processes in Usmanu Danfodiyo University, Sokoto State
Background of the Study
University admission processes are fundamental to ensuring fair access to education and maintainin...
THE LATEST COMMUNICATION OFFICE EQUIPMENT AND THEIR EFFECT ON SECRETARIES PROFESSION
ABSTRACT
This study examined the contributions of the latest communication office equipment to job efficiency of the secretary in Nig...
PROBLEMS AND PROSPECT OF REARING POULTRY
ABSTRACT
Poultry production has in no small way helped to develop- the community and people of Ikpoba O...
An evaluation of informal education as a strategy for promoting inclusive education in Kaura Namoda Local Government Area, Zamfara State
Background of the Study
Inclusive education aims to provide equitable learning opportunities for all students, regardless...
EFFECTIVE COMMUNICATION IN ENHANCING PRODUCTIVITY IN NIGERIAN UNIVERSITIES
Background of the study
There is a general saying that “there is no smoke without fire,” this also means tha...
THE PROBLEM OF RETIREMENT IN THE ENUGU STATE CIVIL SERVICE (A CASE STUDY OF ENUGU STATE UNIVERSAL BASIC EDUCATION BOARD)
ABSTRACT
This Is a study on problems of retirement in the enugu state civil service: a case study of Enugu State Univers...
An evaluation of the effectiveness of local government health insurance schemes in Yola North Local Government Area, Adamawa State
Chapter One: Introduction
1.1 Background of the Study
Health insurance schemes have become an...
An evaluation of POS terminal upgrade initiatives on reducing transaction errors in banking: a case study of Wema Bank
Background of the Study
Point-of-Sale (POS) terminals are critical in executing everyday banking transactions, and their pe...
