Financing State Government Project Through the Capital Market Problem Prospects

Financing State Government Project Through the Capital Market Problem Prospects

Project / Seminar Material
Reference ID: PS-12278-TM

DEDICATION

This research material titled “Financing State Government Project Through the Capital Market Problem Prospects” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Banking and Finance (BF), Book Authors and Profound Scholars of existing or related project material on “Financing State Government Project Through the Capital Market Problem Prospects” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”

    Financing State Government Project Through the Capital Market Problem Prospects

    CHAPTER ONE

    Introduction

    1.1 Background To The Study

    Financing the state government project through the capital market has brought a lot of problem in our country and people are seeking a way to solve the problems. Now the researcher want to find out the problems encountered in financing the State government project through the capital market and also how the capital market helps in financing the state government project.

    Furthermore, the researcher will also find out the functions which the capital market has performed in the funding of government projects. All these point will help the researcher to carry out her work successfully.

    1.2 Rationale Of The Study

    There have been serials of inefficiencies in financing the state government project through the capital market. Hence the reason for this study are:

    1. To identify the problems facing state government.
    2. To find out possible solution of solving these problem.

    1.3 Significance Of The Study

    The purpose of financing the state government project through the capital market is to ensure the top priorities of the Nigeria government project and the successiveness of the capital market.

    Therefore this study will be a benefit to public and state government by:

    1. Providing facilities for the quotation and ready market ability of shares and stocks and opportunity and facility to raise fresh capital in the market.
    2. To provide local opportunities to mobilize long term capital for the long term purpose.
    3. Foreign business also benefit with the facility to offer their shares and the Nigeria public on opportunity to invest and participate in the share and ownership of foreign business.

    1.4 Background Of The Study

    The function of the state government in recent times includes the provision of amenities and infrastructures which are capital intensive in nature. Over the years most state governments especially in the developing countries have been carrying out such functions with funds from external sources as loans grants and development assistance or aids. These resources have often been complemented with domestic resources as statutory allocations from the federal accounts, internally generated funds and domestic borrowing.

    However, events in the last few years have indicated the inadequate of these sources. Nigerians experience in financing capital projects has been similar to these of other developing countries with large revenue from oil. Thus, with the down turn in the economy following severe external stocks in the international oil market capital projects becomes imperative, there has been a general shift of focus to the capital market in financing government projects. This term paper attempts an examination of the prospects and problems of financing state government project through the capital markets.

    Specifically, this term paper identifies the potentials for the capital market financing facilities like Stadium, municipal market and industrial housing estate amongst others.

    1.5 Definition Of The Terms

    Capital Market

    This refers to a collection of financial institutions set up for the granting of medium and long-terms loans. It is a market for longer term instruments which include market for government securities, market for corporate bonds, market for corporate shares (stocks) and market for mortgage loans.

    Revenue Bonds

    These are issued by state or local government. They are usually project tied and it is expected that the underlying projects should be available enough that both the principal and the interest on the bonds will be paid from the returns accruing to such projects. Examples of such projects are water scheme market building, road and bridges and hospitals etc.

    Industry

    Consists of the following economic activity groups, mining and quarrying, manufacturing, construction, electricity, gas, water and sanitary service etc.

    Primary Data

    These are facts organized or brought together by the researcher in the course of his research work.

    Secondary Data

    These are facts pulled by the researcher. These facts had already been in existence. It could either be document or otherwise.

    …

    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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