ABSTRACT: This project is on the topic titled “An Appraisal of Agricultural Insurance in a Developing Nation like Nigeria, A case study of NAIC between (2000 – 2010)”. The work is divided into five chapters. Chapter one deals with background of study, statement of problem that led to the research work, objective of the study, research questions, scope of the research questions, scope and limitation of the study, significance of the study and definition of operational terms. Chapter two covers review of relevant literatures, historical development of the insurance, agricultural insurance in Nigeria, Objectives of NAIC, risk associated with agriculture and so on. Chapter three discusses research methodology including source of data and validity of the instrument. Chapter four covers findings and discussion of findings and chapter five covers conclusions and recommendations.
TABLE OF CONTENTS
CHAPTER ONE – INTRODUCTION 1
CHAPTER TWO
Effect on the Farmers 15
References 31
CHAPTER THREE – RESEARCH METHODOLOGY 32
CHAPTER FOUR – SUMMARY OF FINDINGS 36
CHAPTER FIVE – CONCLUSION AND RECOMMENDATIONS
Bibliography 44
Appendix I 46
Appendix II 47
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Agriculture is the art and service of crop and livestock production. In its broadcast sense, agricultural comprises the entire range of technologies associated with the production of useful products from plants and animals, including soil cultivation, crop and livestock management, and the activities of processing and marketing. Agricultural sector in Nigeria suffered neglect during the hely-days of the oil boom in the 1970s. Ever since then Nigeria has been witnessing extreme poverty and insufficient of basis food items.
The agricultural sector was faced with numerous challenges and this motivated the federation government to introduce the agricultural insurance which is designed to provide covers for financial losses incurred due to reduction in expected outputs from agricultures products. The major products are crops and livestock’s, other includes fisheries and forestry. Crop insurance and livestock insurance provide the two broad categories for which commercial insurance and covers are designed. Because of the complexities brought to agricultural ventures due to mechanization, a broad range of traditional policies, namely personal accident, fire, vehicles, machinery and public liability covers are made essential parts of a comprehensive agricultural insurance package. Agricultural investments unfortunately are among the most risky economic ventures one can embark upon.
Terms of Use: This is an academic paper. Students should NOT copy our materials word to word, as we DO NOT encourage Plagiarism. Only use as a guide in developing your original research work. Thanks.
Disclaimer: All undertaking works, records, and reports posted on this website, eprojectguide.com are the property/copyright of their individual proprietors. They are for research reference/direction purposes and the works are publicly supported. Do not present another person’s work as your own to maintain a strategic distance from counterfeiting its results. Use it as a guide and not duplicate the work in exactly the same words (verbatim). eprojectguide.com is a vault of exploration works simply like academia.edu, researchgate.net, scribd.com, docsity.com, course hero, and numerous different stages where clients transfer works. The paid membership on eprojectguide.com is a method by which the site is kept up to help Open Education. In the event that you see your work posted here, and you need it to be eliminated/credited, it would be ideal if you call us on +2348064699975 or send us a mail along with the web address linked to the work, to eprojectguide@gmail.com. We will answer to and honor each solicitation. Kindly note notification it might take up to 24 – 48 hours to handle your solicitation.