THE ROLE OF INSURANCE IN THE PETROLEUM INDUSTRIES IN NIGERIA
This project deals with the role of insurance in the petroleum industries in Nigeria. The economic recession which begin in 1981 is highly correlated to the decline in the average selling price of out due to recession in the world economic situation and oil glut in the international oil market. In order to avert the current recession in the economy. There is an urgent need to diversify the economy the economy. Particularly to more meaningful expansion of the petrochemical, agricultural and steel industries. The role of oil therefore appear limitless as there can be no meaningful of the economy without the sue energy. Therefore, the development of the other sectors is more or less dependent on the oil industry. The aim of this research work therefore is to examine the activities of the producing companies operating in Nigeria, review the various policies of insurance covering the various exposures in order to determine the role played by insurance in the industry. To examine if the existing protection provided by the insurance industry is adequate and make recommendation for necessary improvement. The research is divided into five chapters. Chapter one deals with the introduction and a brief history of the operation at the oil producing and petrochemical companies and the scope of study and definition of terms. Chapter two deals with the literature review as they relate to the topic of study, while chapter three dealt on research methodology sub-divided into sources of data and method of investigation chapter four dealt on the analysis of major which was collected by interview while chapter five summarizes major findings, conclusion and recommendation as well as advice on further area of research.
Are You In Need Help? Call us or Whatsapp us @ (+234) 08093239919, or Via Email: [email protected]
Disclaimer: The copyright owner created this PDF Content to serve as a RESEARCH GUIDE for students to conduct academic research.
The original PDF Research Material Guide that you receive can be used in the following ways.
1. To provide additional information about the topic of the project.
2. You can use them as a resource for your research (if you properly reference them).
3. Proper paraphrasing is required (consult your school’s definition of plagiarism and acceptable paraphrase).
4. If properly referenced, direct citation.
We are grateful for your consideration of the copyright of the authors.
Thank you so much for respecting the authors copyright.
Are You in Need of Help? Call us or Whatsapp us @ (+234) 08093239919 or Via Email: [email protected]