CAPITAL MARKET IN NIGERIANS ECONOMIC DEVELOPMENT
Nigeria has gradually come of age in terms of financial institutions, which make up the system. This is seen for the wide spread establishment of many financial institutions.Meanwhile, way through which capital market as the complex of institution and mechanize by which intermediate and long term funds are pooled and made available to business, government and individuals and instrument already outstanding are being treated which in turn enhance economic boast are highlighted in this piece of work.The various problem encountered by individuals and firm aid of course the government in actualizing the object of this study are exhaustively treated.
1.1 BACKGROUND OF THE STUDY:
An economic is said to be growing if there is a sustained increase in the actual output of goods and services per head.Likewise a nation economy is being developed when there is increase in the real per capital income and substantial positive transformations are geared towards the various sector of the economy. In comparing per capital income of some European nations namely Germany with that of Nigeria though Nigeria being a third world country, it is quite pertinent to note that the rate of development of dear nation Nigeria, is far too slow. In respect of the above, capital market which is a mechanism of fund provision and allotment is used as an insight to evaluate the economic rate of development of Nigeria. It is that junction that the researcher deemed it fit to adopt a though – provoking topic as capital market in Nigerian’s Economic Development.
1.2 STATEMENT OF PROBLEM:
The research work is designed to know the role of capital market in Nigeria economic development .
1.3 OBJECTIVE OF STUDY:
i. To describe how capital market help economic development through the provision of liquidity for long term investment.
ii. To find out if efforts of the capital market are geared toward the nation’s economic development.
iii. To evaluate the problem of capital in Nigerian’s economic development.
iv. To identify industrial management with some ideas of the current cost of capital.
v. To find out the requirement of the stock exchange.