IMPACT OF PRIVATIZATION IN NIGERIA CAPITAL MARKET A CASE STUDY OF NIGERIA 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.