ABSTRACT
This work examined the contributions of the insurance industry to the gross domestic product (GDP) in Nigeria. Data for the study were basically through the secondary process, extracted from journals, newspapers, internet, magazines, textbooks, CBN statistical Bulletin and Statement of Account etc. The Ordinary Least Square technique was used to test the validity of the hypotheses stated in the study. The research revealed that insurance industry through her routine activities has contributed significantly to economic growth of Nigeria. Through the signs from a priori expectation, it revealed a positive linear relationship between insurance contributions with gross domestic product (GDP) in Nigeria. However, the study revealed a negative relationship between total investments of insurance industry to gross domestic product. This is due the negligence of investment in the industry. Furthermore, the study exposed that neglect of laws governing insurance practise in Nigeria, poor accounting practice, poor claims settlement, failed public image, negligence of investment, low awareness of insurance etc as the major problems of the industry. The researcher recommended an increased supervisory role of NAICOM (National insurance commission), prompt payment of premiums, effective utilisation of insurance funds, research, improved public awareness through adverts and campaigns as possible solutions to the challenges facing the industry
ABSTRACT
This study examined why the prices of petroleum products continues to be priced differently in Nigeria despite the existence of...
BACKGROUND OF THE STUDY
Education is the development of an individual through training, transmission of...
ABSTRACT
This study was carried out to examine tenancy laws, multiple taxation and residential house rents in Ikeja &nbs...
EXCERPT FROM THE STUDY
Over the years, most suspects who might not have committed any offence or whose relation had been...
ABSTRACT
Increasing attention has been paid to incorporating hydrocolloids into starch-based products due to their unique functional prop...
BACKGROUND OF THE STUDY
In any serious country, state, organization, or individual, education is a vita...
Background to the Study
The industry of information technology...
Background of the Stud...
ABSTRACT
As technology evolves in telecommunication, the choice of the kind of radio to be used for data transfer in a multi-radio system...
ABSTRACT
The aim of this study was to examine the problems of tertiary institutions in Nigeria...