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INSURANCE AS TOOL FOR POVERTY ALLEVIATION

By AKOREDE AMID
WhatsApp No: +2349031135779

Insurance plays critical role in poverty ALLEVIATION, wealth creation as well as in achieving financial inclusion.

Economy Analyst believe that the developmental role of conventional insurance service is portal to any nation. This is because economic development focuses attention upon the development and use of recourses to increase supply and improve the distribution of economic goods.

In Nigeria where there is low insurance patronage and instead the vast majority of the citizen are exposed to all kinds of risk and hazards leading to poverty, economic insecurity, insurgency, and social vices.

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