THE ROLE OF NIGERIA CAPITAL MARKET IN THE GROWTH OF THE INDUSTRIAL SECTOR (A CASE STUDY OF UNILEVER BROTHERS NIGERIA PLC) (MANAGEMENT PROJECT TOPICS AND MATERIALS)
ABSTRACT
The key aim of this thesis is to identify and discuss the contribution on the roles of the Nigerian capital market in mobilizing long-term finance for the development of the industry sector. Another aim is to examine the activities of the Nigerian industrial sector, to identify the problems and prospect of the Nigerian capital market in financing and sustaining industrial enterprises. Most of the information for the study was obtained from secondary sources; they were extracted from the Central Bank of Nigerian Publication 2005 and business newspapers. The capital market is a financial institution set up for the granting of medium and long-term instruments. It is an instrument of financing the operations of various sectors of the Nigerian economy. This study also analyses the economies of developing countries e.g. the African economy in brief and discusses the 5 major economies in Africa, the largest economies in West Africa, and their rankings in the world. Nigeria has the biggest economy in West Africa, the 3rd in Africa, and occupies the 30th position in the world.
1Â Â Â Â INTRODUCTION
The Nigerian capital market has always played a significant role in the economic growth and development of the nation. In time of economic boom, it assisted in the provision of finances for expansion, retooling and establishment of production facilities. Also in current period of recession it has been providing finance for maintaining existing facilities diversification and acquisitions. The capital market spearheads the ongoing prudential structural adjustment of our national economy which will call for huge financial commitments of a reasonable proportion of the financial needs. Under this structure re-arrangement will certainly be met through the assistance of the Nigerian capital market.
A said feature of the Nigeria economic landscape is the large number of industrial project of the Federal and state government as well as the compelling of an unequipped private sector to assume greater responsibilities in the economy in order to who it may concern reduces the domineering status of foreign bodies. The oil boom of the 1970s made it possible for government to embark on various industrial projects.
