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ABSTRACT
This study examined the impact of stock market development on economic growth in Nigeria for the period 1985 to 2022. The specific objectives of the study were to find out whether all share index (ASI), market capitalization (MCAP), value of stock traded (VST) and volume of transactions (VOT) have significant impact on economic growth in Nigeria. The ordinary least square technique was employed for the analysis of data and the outcome revealed that, all share index (ASI), market capitalization (MCAP), value of stock traded (VST) have significant impact on economic growth; while volume of transactions (VOT) has a weak inverse relationship with economic growth. The study recommends among others that, the government and regulators must continuously collaborate with joint policy decisions that will continue to strengthen the market, instill market discipline by punishing offenders and put in place workable and transparent rules and regulations that will safeguard investors’ funds. Doing these will certainly attract more investors into the Nigerian market and will in turn ushers in more fund to boost economic activities.
