Empirical Review. Xxxxx and Xxxxxx (2017) empirically evaluated the contributions of insurance companies and commercials banks’ investment portfolio to economic growth in Nigeria from 1996 to 2011. The study collected secondary data and analyzed them with multiple linear regression method. The study’s finding revealed that insurance investment portfolios did not contribute significantly to the growth of Nigerian economy during the period covered by the study. However, it was reported by this study that investment portfolios of commercial banks significantly facilitated Nigerian economic growth within the study period. Xxxxxx (2017) researched on the effect of insurance business on economic growth and development in Nigeria between 2007 and 2016 with the aim of determining what effect insurance business in Nigeria has on Nigerian economic growth and development. Outcome of the analysis revealed that insurance business in Nigeria had significant negative impact on Nigerian economic growth and significant negative impact on unemployment rate in Nigeria. consequently, the study recommended National Insurance Commission should monitor of payment of claims by Nigerian insurance companies properly so as to maintain transparency and avoid extortion, all of which with enable the public to repose confidence in the Nigerian insurance companies’ services, and by extension promote economic growth. Xxxxxxxxx (2015) separately investigated the effects of life and non-life insurance on Nigerian economic growth from 1976 to 2013. Analysis of data was done by Autoregressive Distributed lags. Finding from the study evinced a relationship exist among economic life, non-life insurance and economic growth in Nigeria in the long run, and that both in the long and short run, life and non-life insurance made a positive and significant contribution Nigerian economic growth. Accordingly, it was concluded that life and non- life insurance business enhance Nigerian economic growth. Okparaka (2018) examined the impact of insurance investments on Nigerian capital market. Market capitalization was the dependent variable while investments by the insurance companies in government securities as well as their investments in stocks and bonds were the independent variables. Secondary data were collected and analyzed by regression. Hence, the study reported that the investment of insurance in government securities and insurance investment in stocks and bonds maintained positive and significant relationship on ma...
Empirical Review. Xxxxxxxx and Enyioko (2015) conducted research on the Nigerian Union of Local Government Employees and their struggle for wage control in the Enugu State Civil Service. The findings revealed that unions in Nigeria do not exert influence over policy decisions regarding wage control in the state. In a study on labor unionism and its effects on organizational productivity at Jos International Breweries (JIB) PLC, Nigeria, Xxxxxxx (2013) found that the use of labor unions enables organizations to resolve conflicts, leading to increased employee productivity. Muluneh (2016) conducted research on the impact of labor unions on employees' performance in the Commercial Bank of Ethiopia, revealing that labor unions in Ethiopia have weak practices and bargaining power, resulting in employees being unable to achieve organizational goals. Xxxxxx (2015) postulated that the Trade Union Congress of Tanzania (TUCTA) was established in 2000 as a new umbrella organization for unions in the country. Its members include various unions such as the Tanzanian Industrial and Commercial Workers Union (TUICO), Tanzania Local Government Workers Union (TALGWU), Researchers Academicians and Allied Workers (RAAWU), Tanzania Seamen Association Union (TASU), Tanzania Railway Workers Union (TRAWU), Tanzania Government and Health Employees (TUGHE), Tanzania Plantations and Agriculture Workers Union (TPAWU), Tanzania Mining and Construction Workers Union (XXXXXX), and Communication and Transport Workers Union (COTWU) under TUCTA. Kambilinya (2004) conducted an assessment of the performance of trade unions in Malawi, finding that trade unions struggle to meet employee needs. The study recommends that trade unions enhance their fundraising strategies, increase marketing efforts, provide training and capacity building, xxxxxx relationships between union leaders and members, and practice good governance to improve their performance. Xxxxxxx (2014) studied the participation of trade unions in improving employee conditions, focusing on Tanzania Teachers. Findings revealed that Tanzanian trade unions face challenges due to mismanagement of member claims, insufficient funds, and lack of supporting documents. Manda (2000) stated that in Tanzania, trade unions offer various programs to help members become more productive and aware of their rights. Xxxxxx (2013) conducted research on the impact of trade unions on improving employees' working conditions in COTWU and XXXXX, finding that employees face ch...
