Impact of Insurance Deepening on Economic Growth in Nigeria

Michael Chukwunaekwu Nwafor
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Michael Chukwunaekwu Nwafor: Department of Accounting and Finance, Godfrey Okoye University Enugu, Nigeria

International Journal of Research and Innovation in Social Science, 2019, vol. 3, issue 3, 62-67

Abstract: This paper examined the impact of insurance deepening on economic growth in Nigeria. Data spanning from 1990 to 2016 was obtained from CBN Statistical Bulletin, 2016 and NAICOM database. Data was imported into SPSS and analyzed using SPSS version 25.0. Finding revealed that insurance deepening has significant impact on economic growth of Nigeria, this impact was further qualified by the slope which had negative sign, emphasizing that the relationship between insurance deepening and economic growth is inverse.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:3:y:2019:i:3:p:62-67

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