Download complete project material on Impact of Insurance to the Nigeria Economy in a Recessed Economy from chapter one to five with references and abstract.
ABSTRACT
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Throughout the Nigeria, the latest talk when you listen to C.B.N on television, listen to radio, read newspaper, magazines and even when you attend seminar, the latest issue commonly discussed is based on the present Nigeria economic recession.
It is for this reason, I have decide to embarked on this research project topic tag “the impact of insurance to the Nigeria economic on recession”. This project work consist of each of the chapter are analyze as follows.
The first chapter will talk on the essential role of insurance in the national economy and survival of a virile economy industry in Nigeria. Most especially now that everyone is face with financial crises and to the society at large.
The second chapter will examine critically the literature review, historical background and structure of the company. The third chapter talks about the research methodology, method of data collected for this study, sources and analysis.
Chapter four gives details of how the data is being analyzed and presented.
The last chapter includes the conclusion, summary and recommendation, if the recommendation is accepted then the “impact of insurance to the Nigeria economic on recession will be seemed clearly and there will be improvement in the economy of the nation.
Title page
Certification
Dedication
Acknowledgement
Abstract
Table of content
CHAPTER ONE
1.0 Introduction
1.1Â Background of the study
1.2 Statement of the problem
1.3 Research Question
1.4 Objective of the Study
1.5 Hypothesis
1.6 Scope of the study
1.7 Limitation of the Study
1.8 Justification of the Study
1.9 Operational Definition
CHAPTER TWO
2.0Literature Review
1 Conceptual review of Nigeria economic on recession 8
2.2Â Â Â Â Concept of Insurance
2.3Â Â Â Â Context of Recession
2.4Â Â Â Â Empirical Review
2.4.1Â The role of insurance to the Nigeria economic on recession and its social significance
2.4.2Â Insurance as an instrument of Nigeria economic stability
CHAPTER THREE
3.0Â Â Â Â Research Methodology
3.1Â Â Â Â Population Size
3.2Â Â Â Â Research Design
3.3Â Â Â Â Sample and Sampling Technique
3.4Â Â Â Â Research Question/Hypothesis
3.5Â Â Â Â Instrumentation of Data Collection
3.6Â Â Â Â Method of Data Collection
3.7Â Â Â Â Method of Data Analysis
3.8Â Â Â Â Variables
CHAPTER FOUR
4.1Â Â Â Â Presentation and Analysis of data
CHAPTER FIVE
5.0Â Â Â Â Summary, Conclusion and Recommendation
5.1Â Â Â Â Summary
5.2Â Â Â Â Recommendation
5.3Â Â Â Â Conclusions
References
Questionnaire
CHAPTER ONE
1.0 INTRODUCTION
1.1Â BACKGROUND OF THE STUDY
Insurance is traditionally recognized mechanism by which a risk is transferred by a person, business or organization etc.
To an insurance company which reimburses the insured upon the payment of certain amount called premium paid yearly, half yearly, quarterly. It can also be defined as a pooling of risk a wise person makes in case of anunforeseen occurrence.
Moreover, apart from being a risk bearer, insurance of nowadays has gone beyond it. They are known for the significant role they play in the economic development of a nation; such insurance is referred to as the bedrock of a virile economy.
This is for Nigeria investor to operate under a healthy economic environment, it is the reason for the Nigeria the impact of insurance in the Nigeria economic recession, no modern economy can survive without activesupport of a viable insurance industry.
The starting point of insurance came into existence in Nigeria and for what purpose was it established. The European traders who traded on the west coast of Africa introduce to Nigeria what is known as modern insurance. (Royal exchange Assurance) this insurance business was introduced into Nigeria at the beginning of thetwentieth century for cover for their business transaction, which were covered against perils of the sea.
Meanwhile the first insurance company to corporation of Nigeria (NICON) which is used to lack ups the national economy. This corporation made government plan towards full protection of their asset realized which in return brought about increment in the foreign exchange earning of Nigeria as a nation.
1.2 STATEMENT OF THE PROBLEM
This research works will focus on the specific problem area which is relevant to insurance as the bed-rock of the nation economy.
The negative consequence of economic recession in Nigeria need not be overemphasized. Poverty and hunger is at the highest ebb with people especially the Nigerian workers who have been on the 18000 naira minimum wage being the worst hit as things have skyrocketed in the market, this has by extension affected the productivity of the workers which has further diminished the production capacity of the nation.
1.3 RESEARCH QUESTION
In order to know the impact of insurance as one of the means of overcoming the Nigeria economic on recession, the following question may be deducted from the research problem.
- How can insurance help us to overcome the Nigeria economic recession?
- What is the impact of insurance in the Nigeria economy on recession?
- What is the relationship between economic recession and insurance industry?
1.4 OBJECTIVE OF THE STUDY
The objective of this study is to enlighten people at this moment of the impact of insurance to the Nigeria economic on recession, since insurance companies is also a financial institution that can give long term loan at affordable interest rate when compared to either financial institution, instead of allowing the government to drawn their reserve, and increase tax in other to have money in circulation cash inflow of combat the present Nigeria economy recession.
Only if the public are willing to effect the policy and take it as normal way of life also, to correct the wide spread misconception about insurance companies and get the government fully informed that insurance has a positive role to play in the present Nigeria economic recession and it is also known as a bedrock of a viable economic Other specific objectives of the study are:
- To examine how insurance help us to overcome the Nigeria economic on
- To examine the impact of insurance in Nigeria economic on recession
- To examine the relationship between economic recession and insurance industry
1.5Â HYPOTHESIS
Ho:There is no significant relationship between economic recession andInsurance industry.
H1:There is significant relationship between economic recession and insurance industry.
1.6 SCOPE OF THE STUDY
This research work will be concerned about the impact of insurance to the Nigeria economic on recession.The research work will be carried out within Lagos and Ibadan metropolis because most of the insurance companies operating in the country have their head office situated in Lagos.
1.7 LIMITATION OF THE STUDY
This research work was intended to cover Nigeria as a whole but scope of this study would be restricted by a number of factors prevailing in the country which shall be inevitable in the cause of carrying out this research work.
FINANCIAL CONSTRAINTS: insufficient funds tend to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection internet, questionnaire and interview.
TIME CONSTRAINT: The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work.
 ed) lender a legal obligation to stand in place of the other and avail himself of all right and remedies of the other.
RECESSION: A declined from the boom in economic activities or the upper turning point immediately after a boom in trade cycle. This period is characterized by low demand, high interest, and unemployment.
ECONOMY: A social science which deals with the allocation of scarce resources g alternative uses to produce and distribute wealth among individuals, groups and factors in the society in the most efficient manner.
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