THE ROLE OF NIGERIAN INSURANCE INDUSTRY IN THE PROMOTION OF CAPITAL MARKET SERVICES
ABSTRACT
This project is one the topic titled “The Role of Nigerian Insurance Industry in the Promotion of Central Market Services”. The statements of problems try to identify the problems that led to the research and the objectives of the study supply ways of solving the problems the sources of data is through the oral interview and questionnaires. The instruments used were valid because they comprises the statement of the problem, the objectives and the research questions. The instruments were reliable because the rate of return was very high one of the findings is that modernization of agricultural sector to ensure effective development will require native intension of various agricultural schemes. One of the recommendations is that government should increase awareness for insurance companies in Nigeria to insure agricultural product
TABLE OF CONTENTS
CHAPTER ONE:
INTRODUCTION 1
- Background of the Study 1
- Statement of the Problem 2
- Objective of the Study 3
- Research Questions 4
- Significance of the Study 4
- Scope and Limitations of the Study 5
- Definition of Operation Terms 7
CHAPTER TWO
LITERATURE REVIEW 9
2.1 An Overview 9
2.2 Historical Development of Nigeria Agricultural
Insurance Scheme 9
2.3 Premium Rate 12
2.4 Crop Insurance 15
2.5 Livestock Insurance 18
2.6 Farmers and Life Policies 20
2.7 The Risk in Financial Crop Production 22
2.8 Economic Important on Agricultural Insurance 22
2.9 Agricultural Insurance and Credit System 24
CHAPTER THREE
RESEARCH METHODOLOGY 28
3.1 Source of Data 28
3.2 Population of the Study 29
3.3 Instruments Used 31
3.4 Validity of Instrument 31
3.5 Reliability of Instrument 32
CHAPTER FOUR
4.1 Summary of Findings 33
4.2 Discussion and Recommendations 34
CHAPTER FIVE
CONCLUSION AND RECOMMENDATIONS 35
5.1 Conclusion 35
5.3 Recommendations 36
5.4 Suggestion for Further Studies 37
Bibliography 38
Appendix 40
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Insurance industry belongs to the financial sector. In the course of managing people’s fund the insurance companies invest in highly marketable securities, these by aiding economics growth.
In this case we may say that insurance on it’s own can be defined or said to be the social activity which deals with people coming together to contribute in a common fund from which they compensate the few unfortunate ones who may suffer misfortune in form of financial losses.
