THE NATIONAL ECONOMIC EMPOWERMENT AND DEVELOPMENT STRATEGY (NEEDS) AND THE DEVELOPMENT OF CAPITAL MARKET

ABSTRACT

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?

TABLE OF CONTENTS

Title page

Certification

Dedication

Acknowledgment

Abstract

Table of Content

CHAPTER ONE

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

References

CHAPTER TWO

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

          References

CHAPTER THREE

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

          References

CHAPTER FOUR

Introduction

Analysis of Data

Discussion of Finding

References

CHAPTER FIVE

5.1     Summary

5.2     Recommendation

5.3     Conclusion

          References

          Bibliography

          Questionnaire/Appendix

CHAPTER ONE

1.1     INTRODUCTION

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.

1.2     PROBLEM ANALYSIS

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.

1.3    PURPOSE OF STUDY

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.

1.4     RESEARCH QUESTIONS

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?

1.5     STATEMENT OF HYPOTHESIS

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.

1.6    SCOPE OF STUDY

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. ]

1.7     JUSTIFICATION OF STUDY

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.

 

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How To Write Chapter Three Of Your Research Project (Research Methodology)

  • Methodology In Research Paper


    Chapter three of the research project or the research methodology is another significant part of the research project writing. In developing the chapter three of the research project, you state the purpose of research, research method you wish to adopt, the instruments to be used, where you will collect your data, types of data collection, and how you collected it.

    This chapter explains the different methods to be used in the research project. Here you mention the procedures and strategies you will employ in the study such as research design, study design in research, research area (area of the study), the population of the study, etc. You also tell the reader your research design methods, why you chose a particular method, method of analysis, how you planned to analyze your data.

    Your methodology should be written in a simple language such that other researchers can follow the method and arrive at the same conclusion or findings.

    You can choose a survey design when you want to survey a particular location or behavior by administering instruments such as structured questionnaires, interviews, or experimental; if you intend manipulating some variables.

    The purpose of chapter three (research methodology) is to give an experienced investigator enough information to replicate the study. Some supervisors do not understand this and require students to write what is in effect, a textbook.

    A research design is used to structure the research and to show how all of the major parts of the research project, including the sample, measures, and methods of assignment, work together to address the central research questions in the study. The chapter three should begin with a paragraph reiterating the purpose of research. It is very important that before choosing design methods try and ask yourself the following questions: Will I generate enough information that will help me to solve the research problem by adopting this method?

    Method vs Methodology

    I think the most appropriate in methods versus methodology is to think in terms of their inter-connectedness and relationship between both. You should not beging thinking so much about research methods without thinking of developing a research methodology.

    Metodologia or methodology is the consideration of your research objectives and the most effective method and approach to meet those objectives. That is to say that methodology in research paper is the first step in planning a research project work.

    Design Methodology: Methodological Approach

    Example of methodology in research paper, you are attempting to identify the influence of personality on a road accident, you may wish to look at different personality types, you may also look at accident records from the FRSC, you may also wish to look at the personality of drivers that are accident victims, once you adopt this method, you are already doing a survey, and that becomes your metodologia or methodology.

    Your methodology should aim to provide you with the information to allow you to come to some conclusions about the personalities that are susceptible to a road accident or those personality types that are likely to have a road accident.

    The following subjects may or may not be in the order required by a particular institution of higher education, but all of the subjects constitute a defensible in metodologia or methodology chapter.

    Click here to complete this article - How To Write Chapter Three Of Your Research Project (Research Methodology)

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