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The Impact Of Indutrialization On Nigeria Economic Development
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1.5 Research Hypothesis
H0: Capital market operations have no impact on Nigerian economic growth
H1: Capital market operations have impact on Nigerian economic growth.
H0: There is no significant relationship between global economic meltdown and the crisis in the capital market.
H1: There is significant relationship between global economic meltdown and the crisis in the capital market.
H0: The crisis in the capital market has not affected the Nigerian economy in any way.
H1: The crisis in the capital market has affected the Nigerian economy in any way.
1.6 The Scope of Study
The
study covers the Nigerian capital market as a whole and the Nigerian
Economy. This work does not cover all the facts that make up the
financial sector but it is focused on the capital market and its
activities as its impact on the Nigerian economic growth. The empirical
investigation of the impact of the capital market on the economic growth
in Nigeria was restricted to the period between 1987 and 2011 due to
the non-availability of some important data.
The Nigerian Stock
Exchange is taking holistically but with the Onitsha branch as a contact
point. It covers all the information of relevant issues pertaining to
the Nigerian capital market vis-Ã -vis the Nigerian economy. It also take
into account the role of SEC in managing the crisis in the exchange and
the role played by C.B.N. Ultimately, the study elicited investor‟s
response and positions as it regards the exchange in the capital market.
To achieve this, investors in Enugu metropolis were elected.
In the
case of the study, so many problems were encountered in which in one way
or the order challenge the easy floe of this work these include:
a.
Distance: In the course of the study, the research was faced which
challenge of actually traveling to Nigerian stock exchange in Onitsha,
C.B.N branch in Enugu, stock broking firm in Enugu and Anambra.
b. Time: there was not enough time to meet up the time available was managed effectively and efficiently.
c. Finance: At a time, it was difficult and almost impossible to continue because of lack of finance.
d.
Hoarding of information: some authority responsible for approving the
release of information necessary for this study were not willing to
approve the release of some of relevant information.
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