Stock market development and investment growth in Nigeria

Abstract

Aim/purpose – The poor investment climate is one of the reasons advanced for the slow pace of growth in Nigeria; evidenced by the absence or inadequate amount of investible funds in the productive sectors. While the money market in Nigeria provides very limited investment options, the underdevelopment and underutilisation of the Nigerian Stock Market constitute a drawback to the investment climate. However, any economy desiring sustainable development requires a long-term source of fund. Therefore, this study ascertains the performance of the stock market and investment growth nexus in Nigeria.

Keywords

• auto-regressive distributed lag
• investment growth
• nigeria
• stock market
• g11
• g140
• o430