Anticipated Change in the Nigerian Capital Market and Its Implication on Economic Growth

Abstract

This paper examines the Anticipated Change in the Nigerian Capital Market and its implications on Economic Growth. Data were collected through secondary source and analyzed using multiple regression and descriptive method of statistical analysis. The study reveals that market capitalization, value of stocks and interest rate has significant impact on the GDP. The paper recommends that government should step up investor’s confidence and activities in the capital markets so that it could contribute significantly to economic growth hence, national development.

Keywords: Market Capitalization, Economic Growth, Capital Market, Nigerian Stock Exchange, Structural Adjustment Programme, Gross Domestic Product