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Nigeria: Why Many Nigerians Shun Insurance – Lack of Knowledge or Low Income?

Source link : https://www.afric.info/2024/09/27/news/nigeria-why-many-nigerians-shun-insurance-lack-of-knowledge-or-low-income/

Nigerians are known for their entrepreneurial spirit and willingness to invest in a wide range of products and services. However, insurance remains a less popular choice. This raises the question: why do Nigerians shy away from insurance when it offers protection against financial loss? In essence, insurance is a risk-transfer mechanism where, (for an affordable […]

Author : AFRICA-NEWS

Publish date : 2024-09-27 10:24:27

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