THE CAPITAL MARKET AND THE CHALLENGES OF REAL SECTOR FINANCING IN NIGERIA. (A STUDY OF THE PERIOD 2000-2009)
This research work evaluates the effectiveness of the capital market in the mobilization and allocation of funds to productive sectors of the economy. Reviewed the role of the capital market, economic stability, sustainable growth and development of the Nigerian economy. The researcher identified; the objectives, the scope and limitations of the research work. Hypothesis statements to test the validity of the phenomena under investigation were stated and analyzed. A review of various literatures relating to the Capital Market was also undertaken. Data relating to capital market were presented and analyzed using various statistical analysis methods such as simple percentage, bar chart, correlation and regression analysis. Based on the outcome of the analysis, it is concluded that the capital market has contributed effectively in the mobilization and allocation of funds to the productive sector of the Nigerian economy. The researcher recommends thus; that there exist an opportunity to attract new firms into the Capital Market, this will further burst the liquidity and capitalization level of the market. The recommendation also listed measures to be put in place to achieve a vibrant capital market.