Volume 12 Issue 1, January, 2024
Insurance Policy Integration and Capacity Development in Sports; A Catalyst For Poverty Eradication
Adande, A. D. & Setonji, N. A.
Abstract
The study examines insurance policy integration and capacity development in sports as a catalyst for poverty eradication in Lagos State, Nigeria. The objectives of the research are to: identify how insurance policy can lead to poverty eradication for people in sports in Lagos State; and] find out the influence of capacity development in sports on poverty eradication in Lagos State, Nigeria. The population of the study consisted of all athletes in Badagry Local Government Area (LGA) of Lagos State. The study adopted purposive sampling technique to select one hundred 100 athletes from three different wards in the LGA based on the kind of sport they play. Data were collected through structured questionnaire which was administered on the respondents and statistically analyzed using Chi-square, in order to test the formulated hypotheses at 0.05 level of significance. The result of the findings shows that there is a significant influence of insurance policy on poverty eradication for people in sports in Lagos State (Calc. X2 =53.541 > Crit. X2 = 21.026, df = 9, P < 0.05). It also revealed that there is a significant influence of capacity development in sports on poverty eradication in Lagos State (Calc. X2 =41.325> Crit. X2 = 21.026, df = 12, P < 0.05). Results revealed that sport is an instrument of social change that can be deployed to eradicate poverty. Based on the findings, Recommendation were made it was suggested that Integrated insurance policies should be put in place to prevent sport athletes falling into poverty and that Sport initiatives should be developed to raise and generate funds for poverty programmes, as well as assist in raising awareness and facilitating the mobilisation of needed resources to alleviate poverty through partnerships with local and international bodies.
Keywords
Insurance, Capacity Development, Sport, Poverty Eradication
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