CAPITAL MARKET DEVELOPMENT AND ITS CONTRIBUTION TO FINANCIAL SECTOR DEVELOPMENT IN NIGERIA AN EMPIRICAL ANALYSIS

📄 Project Abstract

Over the years, Economists have been emphasizing the need for effective mobilization of resources as a catalyst for national development in any economy, which can only be achieved through the effectiveness in the mobilization and allocation of funds to different sectors of the economy, so as to allow them manage their human or material resources which will result in optimal output for a sustainable growth and development in any economy, (Oke, 2012). One of the significant areas of underdevelopment in financial management in developing countries is domestic capital market issues. In most developed countries the domestic capital market is regarded as an important source of funding by the state and has many advantages over the use of foreign sources of debt financing. All over the world, the capital market has played significant roles in financial development and hence economic growth. One intermediary in the market that operates as a rallying point for the overall activities is the stoc...