THE IMPACT OF LOCAL CONTENT IN THE DEVELOPMENT OF INSURANCE BUSINESS IN NIGERIA

  • Type: Project
  • Department: Insurance
  • Project ID: INS0144
  • Access Fee: ₦5,000 ($14)
  • Pages: 103 Pages
  • Format: Microsoft Word
  • Views: 229
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853
ABSTRACT

Prior to the introduction of the local content initiative, the rate of capital flight from the oil and gas sector was colossal. This trend was not encouraging for a nation that hopes to become one of the 20 leading economies in the world. Therefore in a bid to stem this trend, the Federal Government in 2007 introduced the Local content initiative.  This work therefore aims at finding the prospect for growth in the Insurance industry. Questionnaires and oral interviews were used in gathering information for this project work. Some insurance companies in Port Harcourt were visited in other to get information for this research project. The theoretical method used to select the sample size for this research work was TARO YAMANI; the population of the study was drawn from the branch of some insurance companies in Port Harcourt. The source of data were both primary and secondary data. Chi-square statistical method was used for data analysis. It was also used in testing the hypothesis of this work. It was found that the introduction of local content by the Federal Government will enhance the growth and development of insurance business in Nigeria. This has come to stay and will ensure capitalization in the insurance industry. It is recommended that Federal government should help in enhancing the operation of insurance business in Nigeria through regulation and implementation.

TABLE OF CONTENTS
Title Page         
Approval Page        
Dedication        
Acknowledgement       
Abstract          
Table of Contents       

CHAPTER ONE: 
INTRODUCTION
1.1 Background of the Study    
1.2 Statement of the Problems   
1.3 Objective of the Study    
1.4 Research questions     
1.5 Research Hypothesis     
1.6 Significance of the study  
1.7 Scope and Limitations of the Study 
1.8 Definition of operational terms  
    References     

CHAPTER TWO: 
LITERATURE REVIEW
2.1  Historical Development of insurance In Nigeria       
2.2  Reasons for the insurance business in Nigeria
2.3  The concept of local content initiative in Nigeria 
2.4  The expected impact of local content Initiative on the growth and development of the Insurance Industry In Nigeria      
2.5  The expected impact of local content in economic development of Nigeria    
2.6  The Problems facing the insurance industry  
2.7  Prospect of the effective implementation of local content initiative     
2.8  Reasons for the introduction of Local content in Nigeria by the Federal Government.   
2.9  The task  before Nigerian insurers   
2.10The task before the government   
2.11Problems facing the insurance industry on local content        
2.12Prospects of effective management of local content initiative in Nigeria.   
2.13Local content and economic development  
       Reference      

CHAPTER THREE: 
RESEARCH METHODOLOGY
3.1   Research Design and Overview  
3.2   Source of data and instrument for data collection        
3.2.1Primary Data      
3.2.2Secondary Data    
3.3   Population of the study      
3.4   Sampling size and sampling techniques  
3.5   Statistical method used in data presentation and Analysis    
3.6   Validity of the instrument     
3.7   The Validity of the research work   

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS  57
4.1  Bio Data       
4.2  Benefits of local content initiative on the development of the insurance 
Industry in Nigeria        
4.3  Test of Hypothesis      

CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSIONS AND RECOMMENDATION
5.1  Summary of Findings     
5.2  Conclusion        
5.3  Recommendation      
     Bibliography       
     Appendix       
     Questionnaire

THE IMPACT OF LOCAL CONTENT IN THE DEVELOPMENT OF INSURANCE BUSINESS IN NIGERIA
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Insurance
  • Project ID: INS0144
  • Access Fee: ₦5,000 ($14)
  • Pages: 103 Pages
  • Format: Microsoft Word
  • Views: 229
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Insurance
    Project ID INS0144
    Fee ₦5,000 ($14)
    No of Pages 103 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT This project work is entitled, the impact of insurance on the economic development of Nigeria. It was carried out in NICON Insurance Corporation Lagos as a case study. The objective of this research is to comprehensively examine the impact of Insurance on the economic development of Nigeria. This study is categorized into five (5)... Continue Reading
    ABSTRACT Insurance play a vital role in insurance companies in economic growth and development. In spite of these role and growing number of insurance companies in Nigeria, its growth and development is still being hindered because the insurance sector still witness a low level confidence in the insuring public, This study therefore is exploratory... Continue Reading
    ABSTRACT Insurance play a vital role in insurance companies in economic growth and development. In spite of these role and growing number of insurance companies in Nigeria, its growth and development is still being hindered because the insurance sector still witness a low level confidence in the insuring public, This study therefore is exploratory... Continue Reading
    (A CASE STUDY OF ALPHA BROKER) ABSTRACT This research work, the researcher examined the role of insurance middlemen in the growth and development of insurance business. The information for the study was collected using primary and secondary methods of data... Continue Reading
    ABSTRACT This study is aim at critically examine the impact of Insurance Companies to economic development in Nigeria.  It was discovered that insurance companies provided meaningful contributions to economic development. We can say that insurance company indemnity their client when a problem in ascertained.  Also, the insurance company provides... Continue Reading
    The challenges of product development in the growth and development of micro insurance business in Nigeria is a commercial complex, which is based on four chapter, while the underwriter should study the need of product developments and micro insurance in the entire environment and design the product (policies cover) that will help the insurance... Continue Reading
    The challenges of product development in the growth and development of micro insurance business in Nigeria is a commercial complex, which is based on four chapter, while the underwriter should study the need of product developments and micro insurance in the entire environment and design the product (policies cover) that will help the insurance... Continue Reading
    INTRODUCTION The research is to be conducted on “The impact of insurance service on business survival in Niger Insurance Plc Kaduna. Insurance is meanly concerned with provision of financial security or protection of industries, institution and individuals against their economic losses, since they have content with the risk and uncertainties... Continue Reading
                      IMPACT OF INSURANCE SERVICE ON BUSINESS SURVIVAL IN NIGER INSURANCE PLC KADUNA  CHAPTER ONE INTRODUTION 1.1            Background of the Study The research is to be conducted on “The impact of insurance service on business... Continue Reading
    INTRODUCTION The research is to be conducted on “The impact of insurance service on business survival in Niger Insurance Plc Kaduna. Insurance is meanly concerned with provision of financial security or protection of industries, institution and individuals against their economic losses, since they have content with the risk and uncertainties... Continue Reading
    Call Us
    Get this work
    whatsappWhatsApp Us