Cross River University of Technology

About: Cross River University of Technology is a education organization based out in Calabar, Nigeria. It is known for research contribution in the topics: Population & Exergy. The organization has 465 authors who have published 507 publications receiving 2705 citations.

Life Insurance Policy in Developing Countries (An Indepth Discussion in the Nigerian Context)

Abstract: Human history reveals a universal desire for security. Early societies relied exclusively on family and tribe cohesiveness for their security. With industrial development, migration to cities and urbanization, this security service weakened and was augmented by privately purchased and government provided security programs. Life Insurance has emerged as a universal response. The motivation for the topic is to outline the intrinsic benefits of life insurance, assess its performance in the Nigeria situation and examine what a regulator could do to facilitate its development. The inherent benefits of life insurance could be categorized into there, is; benefits to the individual, benefits to the government and impact on economic development. This paper also evaluate the performance of life insurance in mobilizing long-term savings in Nigeria and determine what should be done at the level of a regulator, to fast-tract its development and ensure that its great potentials are fully realized. To this end, there is the need for enlightenment campaigns in emerging economies to educate the public on Life Insurance as well as preparation of prospectuses that explain the main features of Life Insurance products available.

Creolization as model for tradition in plural societies: the caribbean experience

Abstract: Creolization is a cultural theory that seeks to explain and redress the cultural diversity in multi-ethnic communities. It makes for desired unity and harmony towards the achievement of the sense of wholeness and identity for a disparate people. The theory was developed by Kamau Brathwaite to describe the process through which Old World (African) life forms became indigenous in the New World (Americas). Today, in the era of globalization, the term is used as synonym of hybridity and syncretism to portray the process of seamless cultural mixture in plural societies. Creolization is also adjudged and likened to the old “melting pot” hypothesis which conceives of new cultural unity from diverse original ones, thus, it is used as a metaphor for Caribbean unity. The Caribbean society is a multi-ethnic community of peoples who were forcefully taken away from their homes, mostly from Africa as slaves. The term is interpreted to mean being Caribbean – ‘Caribbeanness’ – and goes beyond identification with one race and one place. In their distinct and separate national identities as Europeans, East Indians, Amerindians and Africans, Caribbean territories could not achieve any socio-political and economic stability, but Creolization offers endless possibilities for socio-cultural, economic and political fulfillment as a plural society. Article visualizations: