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THE CONTRIBUTIONS OF INSURANCE INDUSTRY TO GROSS DOMESTIC PRODUCT (GDP) IN NIGERIA (1985 – 2010)
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- Contributor: mr-chris
- engagements: 87
- Case No: 452423pw
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ABSRACT - [ Total Page(s): 1 ]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
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CHAPTER ONE - [ Total Page(s): 3 ]CHAPTER ONE1.0 INTRODUCTION1.1 BACKGROUND OF THE STUDYInsurance is a course of productive that enhances the quality of life and ensures the development and survival of all other businesses in general. The main purpose of insurance apart from its basic function is to enhance National development through effective wealth creation, protection and conservation.In the view of this, Oshinloye et al (2009), shows that the important of insurance to any Nations economy cannot be undermined. He said that no country can experience a meaningful development without the presence of formidable insurance indu ... Continue Reading
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ABSRACT - [ Total Page(s): 1 ]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
... Continue Reading
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