1.2       STATEMENT OF PROBLEM
The need to embark on the study is motivated by a number of challenging factors which include the following;

Alajekwu and Achugbu (2012) postulated that traditional theorists believed that financial market in general has no correlation with economic growth. This position studies on finding the effect of financial market on growth. Ample of studies have debunked that traditionalist and established association on the above view, the World Bank (2001) acknowledged that economic growth without a well developed domestic financial market would be detrimental to the long run growth prospects of developing countries.
Financing the saving investment gap especially in the less developed economy where saving mobilization could not keep pace with the level of investment has necessitated the need for encourage foreign capital inflow in order to bridge the gap and this promote economic growth.
The need to develop the Nigerian Capital Market is therefore primary and of necessity in the minds of any forward looking nation and the motivating factor behind the researcher decision to emback on this study which is intended to establish whether the Nigerian Capital Market influences economic goal within Nigeria.
1.3       OBJECTIVE OF THE STUDY
The scope of carrying out this research work is to capture the Capital Market Impact on the Economy Growth in Nigeria. To actualize this, the following strategic objectives are formulated by the researcher.

1.4       RESEARCH QUESTIONS
1.         To what extent dose stock market capitalization affect the gross domestic products in Nigeria? 
2.         Would All-Share Index of Nigeria Capital Market impact on Money supply of the Nigerian economy?
1.5       STATEMENT OF HYPOTHESIS
1.         Ho:     There is no significant relationship between Stock Market Capitalization and Gross Domestic Product in Nigeria. 
Hi:      There is significant relationship between Stock Market Capitalization and Gross Domestic Product in Nigeria.
2.         Ho:     All-Share Index of the Nigeria Capital Market is not significantly related to Money supply of the Nigerian economy
Hi:      All-Share Index of the Nigeria Capital Market is significantly related to Money supply of the Nigerian economy
1.6       SCOPE OF THE STUDY
In this study, the researcher attempted to capture capital market impact on the economy growth in Nigeria. This is motivated by poor performance of the Nigeria stock exchange, under development of the Nigerian economy etc. the objective of the study is to ascertain the level of relationship between stock market capitalization and gross domestic product in Nigeria. The research work focuses on the Impact of Capital Market on the Nigerian Economy using Market Capitalization, all-share Index and Volume of traded securities as proxies for Capital Market while Goss Domestic Product GDP and Per-Capita Income as proxies for the dependent Variable. The study is anchored on the Secondary Data, specifically Central Bank of Nigeria and Securities and Exchange Commission statistical bulletins from 2009-2014. The study is based in Asaba Metropolis of Delta State of Nigeria.