The development of the capital market has contributed immensely to the economic growth of the nation. Provision of infra structural facilities will enhance growth and national development.

The objective of the research work is aimed at examining the National Economic Empowerment and Development Strategy and the Development of the capital market.

Both exploratory and conclusive research which comprises of descriptive were used. The data were collected through the primary and secondary sources. The primary source include the use of questionnaire while the secondary source include text book, Journal and Magazines.

Four research questions were developed in order to reach logical conclusion about the research work. These questions were tested with chi-square. The question are:

(a)     Is there any relationship between ineffective infrastructural faculties and the performance of NEED?

(b)    What is the relationship between NEEDs and efficient capital market?

(c)     Does any relationship exist between poverty alleviation and NEEDS?

(d)    What is the significant relationship between the NEEDS and the development of small and medium scale industry?


Title page





Table of Content


1.1             Introduction

1.2             Problem Analysis

1.3             Purpose of Study

1.4             Research Questions

1.5             Statement of Hypothesis

1.6             Scope of Study

1.7             Justification of Study



Literature Review

2.1     Background of NEEDS

2.2     Concept of NEEDS

2.3     The Goals of the NEEDS Policy

2.4     The Concept of Capital Market

2.5     The composition of the Nigeria Capital Market

2.6     Reasons for the Establishment of the Nigeria Capital Market

2.7     Needs and Role of Capital Market

2.8     What Required for Successful Capital markets

2.9     Telecommunication and Economic Growth



3.0     Research Methodology

3.1     Re-statement of Research Question

3.2     Restatement of Research Hypotheses

3.3     Research Design

3.4     Population of Study

3.5     Sampling Size and Procedure

3.6     Data collection Instrument

3.7     Data Processes and Analysis

3.8     Limitation of the Methodology




Analysis of Data

Discussion of Finding



5.1     Summary

5.2     Recommendation

5.3     Conclusion






National Economic Employment and Development Strategy (NEEDS) was developed by the National Planning Commission, then headed by Charles Soludo. The Federal Executive Council of Nigeria as a poverty alleviating strategy endorsed it. The aim of the scheme was to meet the Millennium Development Goals of curbing the menace of poverty in Nigeria and bringing it to the barest minimum by the year 2015.

National Economic Improvement and Development Strategy is a way of letting the International Community know where Nigeria stands in the region and the world, and how it wishes to be supported. In looking at the possibilities of National Economic Employment and Development Strategy (NEEDS) m meeting the aspirations of Nigerians, we must not fail to state that NEEDS specifically, addresses the international Development Targets (IDTs), which were set in 1996 to improve economic wellbeing, social and human development and ensure environmental sustainability and regeneration.

In September 2000, 149 world leaders adopted the United Nations Millenniums Declaration which listed a series Millennium Goals (MDGs). The declaration commits UN member states to achieving the following goals by 2015:

-        To halve the proportion of people whose income is less than one dollar a day and who suffer from hunger?

-        Achieve universal primary education.

-        Reduce material mortality by three - quarters and under five child mortality by two thirds. Halt and begin to reverse the spread of HIV/AIDS, malaria and other major diseases. Provide special assistance to children orphaned by HIV / AIDS.

-        Significantly improve the lives of at least 100 million slum dwellers by 2020. In addition, the efforts of the government in achieving NEEDS (i. e needs of Nigerians) as well as the monetary policy will be considered.

Capital market is a market that deals in lending and borrowing in long - term loan able funds. It is the source from which firms obtain their capital for establishment and expansion and from which the government borrows on long-term basis for development purpose.

The stock exchange perform the function of providing facilities to the public for the purchase and sale of stock and shares of any kind and investment of money and controlling the grant of quotation on the exchange in respect of the shares and stock under the listing requirement of the stock exchange market.

Base on the above introduction, the research shall focus on how the NEEDS has been able to contribute to the development of the nation most especially the capital market and the various problems that NEEDS is meant to address in terms of industries, infrastructural development among others.


Prior before the restoration of democracy in 1999, Nigeria as a nation is been faced with series of problems ranging from economic dwindling, inadequate and lack of infrastructural maintenance, poverty and inequality, lack of security and weak and inappropriate public sector among others. The researcher observed that the following problem need to be researched upon:

-         The problem of inadequate and lack of job creation is one of the area in which tire introduction of NEEDS in Nigeria is meant to address. Hence, has it been able to address this problem?

-         NEEDS equally is expected to address the problem of alleviating poverty among Nigerians. Both the federal and state government have set up various poverty alleviating programme to reduce to the minimum poverty among the citizens.

-         The introduction of NEEDS is also expected to facilitate efficient and effective capital market development. It is also expected to address the problem?

Lastly, the introduction of National Economic Empowerment and Development Strategy (NEEDS) is to meet the Millennium Development Goals by the year 2015.


This research is aimed at analysing and critically examining' The National Economic Empowerment of Capital Market.

-        The study will look at the concept of NEEDS and how it contributes to the capital market development.

-        The study is also aimed at look at the concept of capital market.

-        The study is also aimed at look at the concept of capital market and the correlation to the establishment of (NEEDS) National and Capital market can facilitate superior economic performance among others.


This aspect of the research question will go a long way in asking various questions aimed at looking in to the 'NEEDS' and the capital market.

1.      Is there any relationship between ineffective infrastructural facilities and the performance of NEED?

2.      What is the relationship between NEEDS and efficient capital market'?

3.      Does any relationship exist between poverty alleviation and NEEDS?

4.      What is the significant relationship between the NEEDS and the development of small and medium scale industry?


Ho1:   There is no relationship between ineffective infrastructural facilities and the performance of NEEDS.

HA1:  There is relationship between ineffective infrastructural facilities and the performance of NEEDS.

Ho1: No relationship between NEEDS and efficient capital market.

HA2:   Relationship exist between NEEDS and efficient capital market.

Ho3:   There is no significant relationship between poverty alleviation and NEEDS.

HA3:     There is significant relationship between poverty alleviation and NEEDS.

H04:    Relationship does not exist between NEEDS and the development of small and medium scale industry.

HA4:     Relationship exist between NEEDS and the development of small and medium scale industry.


This research work is expected to cover the National Economic Empowerment and Development Strategy NEEDS and the development of capital market. Various sub-topics like small and medium scale industry; poverty alleviation among others shall be discussed.

However, the primary data (questionnaire) for this study is limited to only hundred (100) staff of selected banks, capital market and small scale industries within the Lagos State. ]


The introduction of NEEDS by the government: seeks torestore the trust in government as a facilitator of development, which the country needs badly. The study of NEEDS is important because it enables Nigerians to implements livelihood strategies and achieve personal goals. The government has to stop trying to run businesses and redirect its effort providing essential services. It must sell off the businesses currently under it control in order to free up labour and funds that it can use to improve basic service.

NEEDS is essential because changing the way the government works is a colossal task, but NEEDS will build on processes that have already begun to make a difference.

NEEDs is also important in the area of curbing and strengthening as well as modernizing the anticorruption organisations it has established. Exposing unethical and illegal practices and punishing those who engage in them. It is also expected to establish formal training in ethics and fostering leadership by example.

Furthermore, NEEDS is also essential because it will encourage all levels of government to adopt an annual budget framework and guidelines. The guidelines will promote balanced budgets, implementation of priority programmes, budget discipline, cost effectiveness and the generation of internal revenues and savings.

A peer-review mechanism will enable leads of government agencies to compare their performance and nurture a common culture of excellence. The NEEDS period should be characterized by the punctual release of annual budgets.

The government also instituted massive anti-corruption campaigns and established the independent corrupt practices and other related crimes commission and the Economic and Financially Crimes Commission, which outlaw corrupt practices. The government is committed to the Extractive Industries Transparency imitative, which encourages oil companies to fully disclose revenue and cost of operations.

Lastly, the study of this nature can be justified when one look at the important role that NEEDS play in term of developing the capital market as well as improving the lives of Nigerians.



RESEARCHWAP.COM is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • " is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • " is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing