In this study, capital market development and economic growth in Nigeria from 2003 to 2022 was investigated. The market capitalization rate was used as a proxy for stock market development, along with interest rates, and the RGDP as a measure of economic growth. In order to determine whether there is a substantial and positive association between Nigeria’s stock market de-velopment and economic growth, the study used the multiple regression analysis test. The empirical finding indicates that while the stock market has a negligible impact on economic growth in Nigeria, it is positively correlated with it. It is advised that market regulators for the capital markets, such as the Securities and Exchange Commission (SEC), should be more adaptable and receptive to new ideas without endangering investor interests, protec-tion, or the effectiveness of the market. The regulatory agencies should sen-sitize Nigerian investors to engage in dynamic and speculative stock mar-keting activities rather than perpetually holding onto their investments. The network for communication and information should be improved. Finally, the government should increase its investment in infrastructure development and by extension improvements to the nation’s growth pattern.
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