oa Lagos Notes and Records - Insurance institutions in pre-colonial Nigeria
|Article Title||Insurance institutions in pre-colonial Nigeria|
|© Publisher:||University of Lagos, Nigeria|
|Journal||Lagos Notes and Records|
|Affiliations||1 Department of History, University of Lagos|
|Publication Date||May 2003|
|Pages||115 - 133|
|Keyword(s)||Colonial Nigerian communities, Economic anthropologists, Indemnify, Peasant economy, Political patterns, Protection against financial losses, Risks and Socio-economic system|
This paper discusses some of the dynamic institutions that served not only as credit institutions, but also as insurance institutions in pre-colonial Nigerian communities. The paper concludes that the various elements that served as insurance institutions during the period did not allow for a responsible spread of risk, although they formed the basis upon which the modem forms of insurance institutions in Nigeria were established and developed.
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