The Sustainability and Prospects of the Nigerian Capital Market on Economic Growth

Mfon, Joseph Nya, James, Godwin Bassey, Owul, Hycenth Okang


The study assessed the sustainability and prospects of the Nigerian capital market on economic growth. The objectives were to determine the impact of market capitalisation, government security and equity on economic growth. Data were collected from secondary source using CBN Statistical Bulletin. Multiple regression model was employed using ordinary least square. The findings revealed that market capitalization, government security, equity, had a positive impact on economic growth using GDP as a proxy. The study recommended that the Nigerian capital market should be internationalized and properly deregulated and sufficient information should be given to both investors and brokerage firms for effective security pricing.

Keywords: Capital market, Market capitalisation

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ISSN (Paper)2222-1697 ISSN (Online)2222-2847

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