THE ROLE OF CAPITAL MARKET IN FEDERAL GOVERNMENT FINANCING. A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
Nigeria has gradually come of age in terms of financial institutions which make up the system in Nigeria financial system has with messed a rapid growth in the last decade. This is evidenced from the complexity of the operation of these institutes. The growth can be claimed to be due to the oil boom and the awarness of the importance of money by the populace (monetization) and development of investment strategies. The procurement of long term finance remains a worrying, because banks always want to avoid the problem of liquidity. In other words, any individual as a corporate entity in needs of find for investment seldomly finds it easy.
This problem led to the establishment and development of the capital market to provide long term securities and or in vestible finds.
In Nigeria there are formal and informal capital markets. This is as a result of the prevalent financial dualision which is due to educational disparity among the populace.
This paper has been prepared with the capital markets potentials as a catalyst in economic development via economic liberalization of the capital market.
However, my chapter one of my project will start with the preamble to the study while chapter two is on the literature review that is, how information on the study was obtained through the work of various authors.
Chapter three deals with the Nigeria capital market in its entirely. It touched the indigenous capital market before the colonial infusion, the definition and structure of the present Nigeria capital market, its participants who are vitual for the proper functioning of the market and after math of the economic liberalization I deregulation exercise on the capital market. Chapter four deal with finding, while chapter five gives some recommendation and draws conclusion on the study.
1.1 BACKGROUND OF THE STUDY
Broadly speaking, there are two kinds of chance revolutionary or discontinuous change which is gradually and common (suble) yet dynamic.
It is this latter form of change that is advocated for the development of Nigerian securities market vis-avis the capital market as a means of sourcing funds for the public sector.