An Evaluation of the Role of Financial Markets in Economic Development: A Case Study of Nigerian Stock Exchange
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
Financial markets are vital for economic development, serving as platforms for mobilizing savings, allocating capital, and fostering investment. The Nigerian Stock Exchange (NSE) plays a central role in the country’s financial system, facilitating capital formation and enabling businesses to raise funds for growth (Adeoye & Johnson, 2023).
Despite its significance, the Nigerian financial market faces challenges such as low investor confidence, regulatory constraints, and market volatility. These issues hinder its ability to drive economic development effectively (Nwachukwu, 2024). This study examines the role of financial markets in Nigeria’s economic development, with a focus on the NSE.
Statement of the Problem
The underperformance of financial markets in Nigeria has raised concerns about their contribution to economic development. The NSE, in particular, struggles with limited participation, low liquidity, and regulatory inefficiencies. These challenges undermine its capacity to support capital formation and stimulate growth (Okoro, 2023).
This study seeks to evaluate the role of financial markets in economic development and propose solutions to enhance their effectiveness.
Objectives of the Study
- To assess the contribution of the NSE to Nigeria’s economic development.
- To identify challenges hindering the effectiveness of financial markets in Nigeria.
- To recommend strategies for enhancing the role of financial markets in economic development.
Research Questions
- What is the contribution of the NSE to Nigeria’s economic development?
- What challenges hinder the effectiveness of financial markets in Nigeria?
- What strategies can enhance the role of financial markets in economic development?
Research Hypotheses
- The NSE significantly contributes to Nigeria’s economic development.
- Challenges such as low liquidity and regulatory inefficiencies hinder financial market effectiveness in Nigeria.
- Enhanced market reforms can improve the role of financial markets in economic development.
Scope and Limitations of the Study
The study focuses on the Nigerian Stock Exchange, analyzing its role in economic development between 2023 and 2025. Limitations include access constraints to market data and the evolving nature of financial regulations.
Definitions of Terms
- Financial Markets: Platforms where financial instruments such as stocks and bonds are traded.
- Economic Development: The sustained improvement of economic indicators such as GDP, employment, and income.
- Nigerian Stock Exchange (NSE): The primary securities exchange platform in Nigeria.
Related Project Materials
THE EFFECT OF TELEVISION ADVERTISING ON CONSUMER BUYING HABIT (A STUDY OF PZ PLC IN ILARO)
Abstract
In this study, our focus was to carryout a critical analysis on effect of television adv...
THE IMPACT OF RADIO PROGRAMMES IN IMPROVING THE EDUCATIONAL SYSTEM IN NIGERIA: A CASE STUDY OF ESBS/IMT POLY AIR PROGRAMME
ABSTRACT
Development is the pro...
PROBLEM AND PROSPETS OF SMALL SCALE FISH FARMERS IN EDO STATE: A CASE STUDY OF OVIA NORTH EAST LOCAL GOVERNEMNT AREA OF EDO STATE
INTRODUCTION
The story of aquaculture in Nigeria is essentially the story of catfish culture and the hope of fish supply...
The Impact of Financial Sector Reforms on Nigeria’s Economic Stability
Background of the Study
Nigeria’s financial sector has experienced a series of comprehensive reforms designed to sta...
Role of Auditing in Monitoring Public Funds in Anka Local Government Area
Background of the Study
Public funds are critical for the development and welfare of communities, and their proper manag...
An investigation of the role of social media influencers in promoting tourism in Ikot Ekpene Local Government, Akwa Ibom State
Background of the Study
Social media influencers have become key players in promoting tourism by leveragi...
NATIONAL SAVINGS AND ECONOMIC GROWTH IN NIGERIA
ABSTRACT
The research work studied the national savings and Nigerian economic grow...
The effect of regional integration on energy security: An evaluation in Kaduna State
Background of the Study
Regional integration plays a critical role in enhancing energy security by promoting cooperation in...
An Appraisal of the Effects of Regional Disparities on Economic Opportunities in Nigeria
Background of the Study
Regional disparities in Nigeria have long been a focal point of socioeconomic disc...
THE USE OF INFORMATION AND COMMUNICATION TECHNOLOGY TO EFFECT SERVICE DELIVERY BY BANKS IN NIGERIA
Abstract
This research was carried out to examine the effect of service delivery by banks in Nigeria through the use of...
