The Innovation of Government Bonds in the Growth of an Emergent Capital Market

The growth of an emerging capital market is necessary and requires all available resources inputs from various sources to realize this objective. Several debates on government bonds’ contribution Nigeria’s developmental have ensued but not triggered comprehensive studies in area. present research work seeks close the breach by probing impact bonds developing Nigeria 2003–2019. We employ total capitalization as response variable proxy market, while serve independent variables. inflation rate moderates predictor components. uses multiple regression technique assess explanatory variables’ capitalization. At same time, diagnostic tests help guarantee normality model’s data distribution appropriateness. findings reveal that Federal Government (FGN) bond statistically significant positive influencing growth. other variables are found study. study suggests should improve coupon, still upholding none default norm paying interest refunding principal investors when due.