Intermediate And Long Term Financing In Nigeria (a Case Study Of Capital Market)

INTRODUCTIONA country must invest to build up productive capacity for growth to occur. It is this capacity that determines the level of output of goods and services in the economy. If investment which represents the net increase in an economy’s’ capital stock, leads to growth then there is relationship between capital accumulation and economic growth when sustain growth has occurred. It is expected that over time with appropriate policies that allow for more equitable distribution of income among a progressive larger percentage of the population, economic development would follow.Hence, the fa…