ASSESSING THE ROLE OF INSURANCE IN FACILITATING SMALL SCALE BUSINESS DEVELOPMENT IN NIGERIA
Abstract
ABSTRACT
This project assess the role of insurance in facilitating small scale business
development in Nigeria with special reference to some small scale business in
Nigeria insurance is the main element in the operation of sophisticated national
economic throughout the world today the objective of this research work were to
consider insurance economic benefit to SMEs and to know the contribution of
insurance to the nation’s development and the need of insurance practice within
SME. The researcher reviewed many textbook and published work of authors in
the field of insurance. Simple percentage and chi-square were used to analysed
data. It was concluded that insurance has a great role to play in achieving small
scale business development and for any organization to achieve they must be
agreed to insurance policy. It was recommended that the insurance industry in
carrying out the public enlightment should focus on the risk management role of
insurance.
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