Capital Market as a Catalyst for Economic Development in Nigeria

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ABSTRACT·

Emphasis has been placed on the fact that Capital Market is a catalyst for Economic Development in Nigeria. Actually capital market has been a fulcrum of Nigeria's economic turns. It has contributed to the economic development of Nigeria. Secondly, it has made the spread of investments possible since its inception during the colonial time one of the objectives of this study is to identify the role of the capital market in the economic advancement of Nigeria. Three research questions were posed in this study to show its direction. In the collection of data content analysis and questionnaires were used. Also in the theoretical framework, the theory of development was used. Based on the analysis of the major findings of the study: 1. The capital market has helped economic development in Nigeria. 2. It has made the spread of investments possible in Nigeria. 3. It has exposed the rationale behind savings and investment in Nigeria. vi 4. That development has led to a reduction in poverty and unemployment. 5. The capital market is a source of funds for the industrial sector as well as government etc . . The researcher, therefore recommends that: 1. The capital market in Nigeria should emerge and develop at least closer to the ones of advanced counh·ies of the world. 2. All bureaucratic red-tapisms and defaults inherent in the operational mechanisms of the Capital market in Nigeria should be eliminated. 3. The capital market should be geared towards allocating funds to productivity areas of the Nigeria Economy etc

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APA

ANIEDU, I (2022). Capital Market as a Catalyst for Economic Development in Nigeria. Afribary. Retrieved from https://afribary.com/works/capital-market-as-a-catalyst-for-economic-development-in-nigeria

MLA 8th

ANIEDU, IFEYINWA "Capital Market as a Catalyst for Economic Development in Nigeria" Afribary. Afribary, 18 Jun. 2022, https://afribary.com/works/capital-market-as-a-catalyst-for-economic-development-in-nigeria. Accessed 10 Aug. 2022.

MLA7

ANIEDU, IFEYINWA . "Capital Market as a Catalyst for Economic Development in Nigeria". Afribary, Afribary, 18 Jun. 2022. Web. 10 Aug. 2022. < https://afribary.com/works/capital-market-as-a-catalyst-for-economic-development-in-nigeria >.

Chicago

ANIEDU, IFEYINWA . "Capital Market as a Catalyst for Economic Development in Nigeria" Afribary (2022). Accessed August 10, 2022. https://afribary.com/works/capital-market-as-a-catalyst-for-economic-development-in-nigeria