MICROBIAL ANALYSIS OF PALM WINE PRODUCED IN OMUMA IMO STATE.
Abstract
ABSTRACT
Many efforts have been made towards understanding the relationship between capital market and the economic growth of Nigeria. The capital market of every economy is setup for the attainment of specific objectives which includes economic growth and stability, the contributions of the capital market towards the economic development of Nigeria. Data was collected and analyzed using ordinary least square analysis. The result of the study shows that the capital market has a positive and significant impact on the country’s economic growth. It also revealed the limited contribution of the market to the development of the industrial sector as a result of the absence of some developing stimulating subsectors. On the strength of this evidence, this work recommends that government should introduce some tax incentives to motivate and encourage investors. Finally, listing on the exchange should be made mandatory for companies that have attained a given level of capitalization. If these recommendations are efficiently implemented, the effectiveness of the Nigeria stock exchange will be enhanced.
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