ABSTRACT
The researcher’s mind on the topic, “The impact of the Capital market on the
Nigerian Economy with emphasis on the role of the Nigerian Stock Exchange” was
captured when a similar topic was discussed at a seminar organized by the Bureau
for Public Enterprise (BPE) to conscientize and sensitize Nigerian people to accept
the privatization programme. The organizers sought to expose how highly
underutilized the Nigerian Stock market is and what individuals and Corporations
would gain in patronizing the market.
They also compared the operations and
volume of transactions with other emerging stock markets in the world. The
research work is basically, all about assessing the extent of the impact of the
capital market on the socio-economic development of this country and an in-depth
search into ways of improving upon the operations of the Nigerian Stock
Exchange. In his findings, the researcher noted (among other things) that there was
underutilization of the Stock Exchange market due to poor enlightenment
campaign, and lack of transparency and accountability on the part of the operators
of the market. In the conclusion, the researcher admitted that the future prospects
of the exchange market is still bright but emphasized that the operators of the
market must engender accountability and transparency as this will go a long way to
re-installing much desired confidence in the investing public and guarantee the
market’s future development.
