IMPACT OF PRIVATIZATION IN NIGERIA CAPITAL MARKET: A CASE STUDY OF NIGERIAN STOCK EXCHANGE

IMPACT OF PRIVATIZATION IN NIGERIA CAPITAL MARKET: A CASE STUDY OF NIGERIAN STOCK EXCHANGE

ABSTRACT

The enthusiasm to improve rapid economic growth and development resulted in government involvement in economic activities, believed to be best operated by the private sector, though the creation and establishment of state owned enterprises. However the resulting waste, inefficiencies and unproductivity of the these enterprises warranted, stimulated and fueled the move in national consciousness towards the imperative of privatization (and commercialization).

The Nigeria privatization programme embarked upon in various rounds and phases has been observed to have accrued numerous benefits to the economy and the capital market in particular. This observed benefits have move forward this research on the “Impact of Privatization on the Capital Market”. In order to achieve the objectives of the study and to validate the hypotheses formulated in the study, a systematic five-chapter approach had been adopted.

Chapter one cover the background of the study, the objective, research questions, hypothesis, scope, limitation of the study.

Chapter two, undertaken a review of relevant literature.

Chapter three discusses the research methodology employed in analyzing the data collected.

Chapter four deals with the presentation analysis of data. It equally tests the hypothesis proposed.

Chapter five covers the summary, findings recommendations and conclusion of the project work.

TABLE OF CONTENTS

CHAPTER ONE:

Introduction

1.1 Background to the Study

1.2 Statement of the Problem

1.3 The Objective of the Study

1.4 Significance of the Study

1.5 Statement of Research Hypothesis

1.6 Scope of the Study

1.7 Research Methodology

1.8 Limitations of the Study

1.9 Definition of Terms

CHAPTER TWO: LITERATURE REVIEW

2.1 Historical Background of the Public Enterprises

Poor Performance

2.2 Justification for Privatization in Nigeria

2.3 The Concept of Privatization

2.4 Objectives of Privatization

2.5 Models of Privatization

2.6 The Legal Regulation of Privatization in Nigeria

2.7 Expectation from Privatization

2.8 Privatization in Nigeria

2.9 Evolution of the Nigerian Capital Market

2.10 The Capital Market

2.11 The Securities and Exchange Commission

2.12 The Roles of the Capital Market

2.13 Approach of Raising Fund in the Capital Market

2.14 Privatization and the Capital Market

2.15 The Impact of Privatization on the Capital Market

IMPACT OF PRIVATIZATION IN NIGERIA CAPITAL MARKET: A CASE STUDY OF NIGERIAN STOCK EXCHANGE