THE ROLE OF NIGERIAN INSURANCE INDUSTRY IN THE PROMOTION OF CAPITAL MARKET SERVICES

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

1. Background of the Study                                         1
2. Statement of the Problem                                 2
3. Objective of the Study                                      3
4. Research Questions                                          4
5. Significance of the Study                                         4
6. Scope and Limitations of the Study                           5
7. 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.

THE ROLE OF NIGERIAN INSURANCE INDUSTRY IN THE PROMOTION OF CAPITAL MARKET SERVICES