What are the functions and importance of Capital Market?

What are the functions and importance of Capital Market?

ATTITUDE OF YOUTHS TOWARDS INVESTMENT IN THE
NIGERIAN STOCK MARKET

By
Oladipo Olufemi Adebayo and Ahmed A. Abdullahi1, Adeoti J. O.2

ABSTRACT
The importance of Nigerian Stock Market cannot be overemphasized. This is due to the fact
that it assists in the allocation of the nation’s capital resources among numerous competing
alternative uses, thus serving as an aid in financing industry. The problems of ignorance of
the public, especially the youths as to the meaning of shares and stocks and benefits derivable
from market operations are also an impediment to this market. The main objective of this
study is to critically find out problems which have been affecting youth ‘s attitude towards
investment in the Nigerian Stock Market. The methods of research employed for this work
include both primary and secondary data. The primary source of data used was questionnaire
while the secondary source of data used was literary works, textbooks and publications.
Parametric statistical techniques, such as Spearman Rank Order Correlation and Z-test were
used to evaluate the formulated hypothesis. The findings of this study revealed among other
things that financial constraint contributed to the negative attitude of youths towards
investment in the Nigerian Stock Market. On this note the study among other things
recommended that good leadership, adequate dissemination of information and financial
assistance from government would encourage the youth participation towards investment in
Nigerian Stock Market. Moreover, members of the public especially the youths need to be
educated and be informed on the advantages of investing in shares and stocks so as to
improve the investment habit of the people.
1.
2.

Department of Accountancy, Adamawa State University, Mubi
Department of Business Administration, University of Ilorin

Introduction
Generally speaking, investment connotes the use of money for the creation of further wealth
(be it shares or...

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