Title: | THE MILLENNIUM DEVELOPMENT GOALS AND POVERTY REDUCTION: A PROGNOSTIC ANALYSIS OF THE CAPITAL MARKET OPTION IN NIGERIA |
Author(s): | OTINCHE Sunday Inyokwe, PhD & YUSUF Abdullahi Ogwuzebe, PhD |
Year | 2014 |
Publisher: | EBSU JOURNAL OF SOCIAL SCIENCES REVIEW |
URI: | https://publications.fulokoja.edu.ng/publication-page.php?i=the-millennium-development-goals-and-poverty-reduction-a-prognostic-analysis-of-the-capital-market-option-in-nigeria |
File: | ![]() |
Keywords: |
Nigeria adopted the Millennium Development Goals (MDGs) policy as a remedial measure to addressing her persistent political, economic and social problems. Embedded in the millennium Development Goals (MDGs) is the reduction of poverty and the liberalization of the financial sector with emphasis on the capital market. This was ostensibly geared towards improving the sector's performance, increase its growth returns and invariably alleviates the poverty of Nigerians. Many scholars have questioned the potentials of the capital market to reduce poverty and inequality in developing countries due to market instability, fluctuating exchange and interest rates regime, volatility in prices of equity instruments and unholy insider practices. This paper argued that the
capital market has the potentials of alleviating poverty and reduce inequality in the long run given the necessary investment motivation. Investment in equity instruments like shares, bonds and other debt instruments and its associated bonus and dividends benefits has the potentials of reducing the poverty level of the masses especially where corporate governance dictates business relations. The paper therefore recommends awareness creation and the creation of capital trade point for local resource mobilization for investment as alternative strategies for poverty reduction in Nigeria.
Latest News
-
FUL VC, Prof. Akinwumi Presents Prize to Best Graduating History Student of FGGC Bwari-Abuja, Institutionalizes Award
August 7, 2022, 1:30 pm -
Fight Against Corruption: FUL Anti-Corruption and Transparency Unit Unveils Dedicated Lines
August 5, 2022, 10:33 am -
FUL Signs MOU with Thomas Adewumi University for Sustainable Partnership
August 3, 2022, 3:54 pm -
A Note of Appreciation from Professor Francisca Oladipo, New VC TAU
August 2, 2022, 1:26 pm -
You will not walk alone- FUL VC Assures Prof. Francisca Oladipo at her Inauguration as TAU New VC
August 1, 2022, 10:30 pm -
JUST IN: Inauguration Address of Prof. Francisca Oladipo as Second Substantive Vice-Chancellor, Thomas Adewumi University (TAU), Oko, Kwara State on 1st August, 2022
August 1, 2022, 1:25 pm -
FUL VC, Prof. Akinwumi, Other Principal Officers Attend Maiden Graduation/Prize-Giving Ceremony of FULokoja Staff School
July 30, 2022, 11:17 pm -
PHOTO NEWS: Felicitations as FUL Senate, Management Celebrate Prof. Francisca Oladipo on Appointment as TAU New VC
July 28, 2022, 11:30 pm