CAPITAL MARKET IN NIGERIAN’S ECONOMIC DEVELOPMENT

CHAPTER ONE

1.0            INTRODUCTION

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.

1.4            PURPOSE OF THE STUDY:

i.                   To find out the increasing of capital market.