An Examination Of The Problem And Prospect Of Financing State Government Projects Through The Capital Market Presented

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

However, events in the last few years have indicate the inadequacies of these sources. Nigerians experience in financing capital projects has been similar to those of other developing countries with large revenue from oil. Thus, with the downturn in the economy, following severe external stocks in the international oil market the necessity to work for viable alternative ways of financing capital projects becomes imperative; there has therefore been a general shift of focus to the capital market in financing government capital project this term attempts an examination if the problems and prospects of financing market.      

Register/Login to Access Full Work

CITE THIS WORK

• APA
• MLA
• MLA 7
• Chicago