Abstract
The need for the development of capital markets-whether formal or informal can be overstressed. That they operate separate the functions of savings from investment is very important, facilitating the continuous process of arranging asset portfolio for savers also helps in the process of economic development. The structural imbalance in Nigeria’s financial system has led to the strong emergence of informal capital markets. In the present set-up, it has been realized that the economy can hardly progress satisfactorily without them. In conclusion, the markets are being faced with barrage of problems, it is hoped that if these problems are effectively tackled the informal markets might be able to perform a more pronounced role in the economic development drive in Nigeria.
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