Capital Markets Financing and Economic Growth of Nigeria

Chima P. Odom & Sebastian O. Uremadu

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Abstract

This study explored the interplay between value chain, capital markets financing, and sustainable economic growth in Nigeria. Employing a mixed-methods approach, the research investigated the relationships between these variables and revealed a positive correlation between value chain development, capital markets financing, and economic growth. Notably, value chain development emerged as a mediating factor in the relationship between capital markets financing and sustainable economic growth. Additionally, initial public offerings (IPOs), secondary market trading, corporate bonds, venture capital, and private equity were all positively correlated with the gross domestic product (GDP) growth rate. Secondary market trading had the strongest positive relationship with the GDP growth rate. The study offered policy recommendations to enhance value chain development and capital markets financing in Nigeria, including investments in infrastructure, human capital development, and regulatory reforms.

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