CAPITAL MARKET IMPACT ON ECONOMIC GROWTH IN NIGERIA

This research aims to examine the influence of the capital market on the economic growth in Nigeria. The establishment of the Capital market aims to attain specified objectives, including the mobilisation of financial resources on a national level and the acquisition of necessary foreign capital to accelerate economic growth. This study employs a time- series research design, utilising secondary data obtained from ww.worldbank.org [1990-2020]. The analysis is conducted using an auto-regressive distributed lag (ARDL) model. The findings indicate that the capital market does not exert a favourable and statistically significant influence on the economic growth of the country. Additionally, it unveiled the constrained role of the market in fostering the growth of the industrial sector.