The study which examined the problem and prospect of financing state government projects through the capital market presented revealed that there is a significant difference in the project financing from state government project in finance problems and those in dilapidated in Capital market. The findings also revealed that there is a significant difference in the project financing from state government project in state with adequate funds set aside and those in state without funds set aside. The findings showed that there is significant difference in the project financing from state government project in poor management state and those in state.
1.1BACKGROUND OF THE STUDY
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 asistance 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 necesity 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.
1.2STATEMENT OF PROBLEMS.
Effi9cient implementing of capital market strategies by the state government in financing capital projects will help a lot in completing numerous abandon projects and stabilize the nation’s economy. Over the years, state government in the country experience abandoned projects in their state government tom pay debts own to its creditors, etc for all these reasons the researcher now want to find out the exact factors militating against completion of these capital projects.
1.3 OBJECTIVES OF THE STUDY
I to identify the finance problems state government either in the executive level.
II to know whether the finds set aside nor executive a particular projects will be sufficient or not.
III to find out posible solution of solving these problems.
IV To know whether these problems are caused as a result of poor management state of finds in the executive level.
V finally recommendations, solution which can prevent occurrence of such problem.
1.4 RESEARCH HYPOTHESIS
Hypothesis 1: there is no significant Difference in the financing of state government project on finance problems capital market.
Hypothesis 2: there is no significant Difference in the financing of state government project with adequate funds set aside and those in state without funds set aside in Capital market.
Hypothesis 3: there is no significant Difference of poor management state in the financing of state government project from capital market .
Hypothesis 4: there is no significant Difference in the financing of state government project using preventive strategy and those without preventive strategy in Capital market.
1.5 SIGNIFICANE OF THE STUDY
The theoretical frame work of financing state government project through the capital market were related and equated with the practice in Nigeria by state government which is an empirical model.
1.6 DEFINITION OF TERM
CAPITAL MARKET: capital market can be said to be a market for the institutionalization by long term project financing asist the state government in carrying out their project.
PROBLEMS: the problems asociated in the state as a result of abandoned project by the state government and the problems have been attributed to poor channeling of find to the appropriated project.
PROSPECT: the implementation of project by the state government will help a lot in enhancing the developing of project and stabilization of the nation’s economy.
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