The Effect of Economic Deregulation on the Structure & Growth of Money & Capital Market in Nigeria.
Adimmadu, Marius, E.
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Economic deregulation and its complementary reforms under the Structural Adjustment Programme (SAP) embarked upon since 1986 essentially involved the systematic dismantling of controls and other policy distortions which had impede the growth of the Nigerian economy since independence. Growth in the structures of the financial markets were likewise stunted due to intensive arbitrary government intrusive intervention in the operations of the Money and Capital markets, which severely affected their intermediary role as financial brokers. Better and efficient financial markets contribute to economic efficiency and growth. Financial markets as intermediaries in the financial system are involved in the mobilization of savings and allocation of capital. The extent to which these functions