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Category: Project Material

THE ROLE OF INSURANCE COMPANIES IN NIGERIAN ECONOMIC DEVELOPMENT

ABSTRACT/DESCRIPTION


Certain factors militate against insurance companies in Nigeria economic development. One of the problems is a socio-economic problem. There are some economic factors, which generally affect the attitude of Nigeria towards insurance. These factors include religions belief, cultural background, low economic income, pretence for ostentation life to thrift and the level of development. 1. Technology problems 2. Legislative problems 3. Miscellaneous problem All the mentioned above are the problems facing insurance companies in Nigeria economic development

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