PROPOSAL
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.
TABLE OF CONTENTS
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND
OF THE
STUDY
1.2 STATEMENT
OF THE
PROBLEM
1.3 PURPOSE/OBJECTIVE
OF THE STUDY
1.4 SIGNIFICANCE
OF THE
STUDY
1.5 LIMITATIONS
OF THE
STUDY
CHAPTER TWO
REVIEW OF RELATED
LITERATURE
CHAPTER THREE
RESEARCH DESIGN AND
METHODOLOGY
3.1 SOURCES
OF DATA (SECONDARY SOURCES)
3.2 LOCATION
OF
DATA
3.3 METHODS
OF DATA
COLLECTION
CHAPTER FOUR
FIDING
CHAPTER FIVE
RECOMMENDATION AND
CONCLUSION
BIBLIOGRAPHY
CHAPTER ONE
INTRODUCTION
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.
Right from the day Nigeria returned their independence till date, the country
has been searching for economic change and development that would bring better
living for her feering population. This economic change and development
could only be made possible by the public sector with enough of finance for its
long-term project.
However, comes the vital role, which the Nigerian capital market plays in the
development of the nation. The public sector today knows no bound.
What was seen as the public sector twenty years back will be grossly inadequate
of considered as the public sector of present day Nigeria. Due to this
seeming limitless nature of the public sector which embraces local, state and
federal governments. The expenditure of these various government are
always on the increase. But with the privatization and commercialization
programme of federal government parastatals had either it runed down or put to
an end to.
The deregulation of the capital market is meant to bring about sanity to the
operation of the capital market to foster the much needed role of providing
capital or funds to the public sector for its financial obligations.
1.2
STATEMENT OF THE PROBLEM
In the course of this study some problems associated with the Nigerian capital
market have been identified.
These includes:
1. The
frequent change of the federal government does not lead to changes in economic
policies. These changes may in turn affect the operation of the capital
market.
2. With
the final release of the deregulation guidelines of the capital market, the
issuing houses now to securities valuation. These could lead to inside
dealings whereby those in position of information on securities yet to be made
public to take such advantage and by up the securities.
3. The
Nigerian capital market lucked infrastructural facilities such as reliable tele
communication net work, date storage capacity etc. From where required
information can be called upon when necessary.
4. The
corrupt manifestation by public officer rested with the responsibilities of
taking care of government funds is a very great problem in Nigeria.
5. The
legal arrangement meant to guide the operation of the capital market where
virtually borrowed. These prelude Nigeria comparies and even government
establishments from engaging in the stock exchange trade actively.
1.3
OBJECTIVE OF THE STUDY
This research is wholly undertaken to examine the capital market and its
financing impacts on government financing of the public sector.
After the examination one should be able to know what the Nigeria capital
market looks like, some of the contributions. It has made so far in the
economy of the nation through the various tiers of government. This is to
be done with following objectives in mind.
1. To
critically evaluate the Nigeria capital market with regards to its operation as
its affects the public sector.
2. To
examine the effect of economic liberalization which is blowing through the
whole world, or the Nigeria capital market.
3. To
examine the various ways or means by which funds are made available to public
sector.
1.4
SIGNIFICANCE OF THE STUDY
In recognition of the nature of the study, and find that the study involves a
lot of excuses and accuracy figures relating to statistical representations and
schedules, the author adopted secondary sources data in preferences to any
other. The important of this study should be able to know what the
Nigeria capital market looks like, and some of the contributions. It has
made so far in the economy of the nation through the various tiers of
government.
Department | Banking and Finance |
Project ID Code | BFN0079 |
Chapters | 5 Chapters |
No of Pages | 35 pages |
Methodology | Descriptive |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2347043069458 |