FINANCING STATE GOVERNMENT PROJECT THROUGH THE CAPITAL MARKET PROBLEM PROSPECTS TABLE OF CONTENTS CHAPTER ONE 1.0 Introduction 1.1 Statement of the Problems 1.2 Rational of the Study 1.3 Significant of the Study 1.4 Background of the Study 1.5 Definition of Terms CHAPTER TWO 2.0 LITERATURE REVIEW 2.1 Definition 2.2 How does Capital market help in financing State Government Project 2.3 Functions of Capital Market in Financing State Government Project 2.4 Problem Encountered in Financing the State Government Project through Capital Market CHAPTER THREE 3.1 Hypothesis 3.2 Methodology 3.3 Sources and Location of Data 3.4 Limitation of the Study CHAPTER FOUR 4.1 Data Presentation 4.2 Data Analysis 4.3 Discussion of the Result CHAPTER FIVE 5.1 Summary of the Work 5.2 Conclusion 5.3 Recommendation REFERENCE APPENDIXES CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Financing the state government project through the capital market has brought a lot of problem in our country and people are seeking a way to solve the problems. Now the researcher want to find out the problems encountered in financing the State government project through the capital market and also how the capital market helps in financing the state government project. Furthermore, the researcher will also find out the functions which the capital market has performed in the funding of government projects. All these point will help the researcher to carry out her work successfully. 1.2 RATIONALE OF THE STUDY There have been serials of inefficiencies in financing the state government project through the capital market. Hence the reason for this study are: i. To identify the problems facing state government. ii. To find out possible solution of solving these problem. 1.3 SIGNIFICANCE OF THE STUDY The purpose of financing the state government project through the capital market is to ensure the top priorities of the Nigeria government project and the successiveness of the capital market. Therefore this study will be a benefit to public and state government by: i. Providing facilities for the quotation and ready market ability of shares and stocks and opportunity and facility to raise fresh capital in the market. ii. To provide local opportunities to mobilize long term capital for the long term purpose. iii. Foreign business also benefit with the facility to offer their shares and the Nigeria public on opportunity to invest and participate in the share and ownership of foreign business. 1.4 BACKGROUND OF THE STUDY The function of the state government in recent times includes the provision of amenities and infrastructures which are capital intensive in nature. Over the years most state governments especially in the developing countries have been carrying out such functions with funds from external sources as loans grants and development assistance or aids. These resources have often been complemented with domestic resources as statutory allocations from the federal accounts, internally generated funds and domestic borrowing. However, events in the last few years have indicated the inadequate of these sources. Nigerians experience in financing capital projects has been similar to these of other developing countries with large revenue from oil. Thus, with the down turn in the economy following severe external stocks in the international oil market capital projects becomes imperative, there has been a general shift of focus to the capital market in financing government projects. This term paper attempts an examination of the prospects and problems of financing state government project through the capital markets. Specifically, this term paper identifies the potentials for the capital market financing facilities like Stadium, municipal market and industrial housing estate amongst others. 1.5 DEFINITION OF THE TERMS CAPITAL MARKET This refers to a collection of financial institutions set up for the granting of medium and long-terms loans. It is a market for longer term instruments which include market for government securities, market for corporate bonds, market for corporate shares (stocks) and market for mortgage loans. REVENUE BONDS These are issued by state or local government. They are usually project tied and it is expected that the underlying projects should be available enough that both the principal and the interest on the bonds will be paid from the returns accruing to such projects. Examples of such projects are water scheme market building, road and bridges and hospitals etc. INDUSTRY Consists of the following economic activity groups, mining and quarrying, manufacturing, construction, electricity, gas, water and sanitary service etc. PRIMARY DATA These are facts organized or brought together by the researcher in the course of his research work. SECONDARY DATA These are facts pulled by the researcher. These facts had already been in existence. It could either be document or otherwise.
FINANCING STATE GOVERNMENT PROJECT THROUGH THE CAPITAL MARKET PROBLEM PROSPECTS
TABLE OF CONTENT CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY 1.2 STATEMENT OF THE PROBLEM 1.3 PURPOSE/OBJECTIVE OF THE STUDY 1.4 SIGNIFICANCE OF THE STUDY 1.5 LIMITATIONS OF THE STUDY CHAPTER TWO REVIEW OF RELATED... Continue Reading
AN EXAMINATION OF THE PROBLEM AND PROSPECT OF FINANCING STATE GOVERNMENT PROJECTS THROUGH THE CAPITAL MARKET PRESENTED TABLE OF CONTENT CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF... Continue Reading
INTRODUCTION 1.1BACKGROUND OF THE STUDY Broadly speaking, there are two kinds of chance revolutionary or discontinuous change which is gradually and common (suble) yet dynamic. It is this latter form of change that is advocated for the development of Nigerian securities market vis-avis the capital market as a means of sourcing funds for the public... Continue Reading
PROPOSAL Nigeria has gradually come of age in terms of financial institutions which make up the system in Nigeria financial system has with messed a rapid growth in the last decade. This is evidenced from the complexity of the operation of these institutes. The growth can be claimed to be... Continue Reading
ABSTRACT Nigeria has gradually come of age in terms of financial institutions which make up the system in Nigeria financial system has with messed a rapid growth in the last decade. This is evidenced from the complexity of the operation of these institutes. The growth can be claimed to be due to the oil boom and the awarness of the importance... Continue Reading
INTRODUCTION 1.1 BACKGROUND OF THE STUDY Broadly speaking, there are two kinds of chance revolutionary or discontinuous change which is gradually and common (suble) yet dynamic. It is this latter form of change that is advocated for the development of Nigerian securities market vis-avis the capital market as a means of sourcing funds for the... Continue Reading
ABSTRACT Housing has become one of the major problems in which individuals, private / public establishment are facing in the new state capital in Nigeria today. Housing do not offer shelter only but also they are considered as a status social and a successful life. The research work will enable us to identity the problems, the impacts, the... Continue Reading
ABSTRACT The topic of this research is the problem and prospect of capital mobilization in financing small-scale industries in Enugu state. The purpose of this study is to evaluate the extent to which small-scale industries in Nigeria obtain loans and advances (risk financing) from Nigeria commercial bank as a major source of finance to the... Continue Reading
ABSTRACT The topic of this research is the problem and prospect of capital mobilization in financing small-scale industries in Enugu state. The purpose of this study is to evaluate the extent to which small-scale industries in Nigeria obtain loans and... Continue Reading