Abstract: The paper examined the role of stock market on Nigeria’s economic development from 1980 to 2010 which cover the market performance and economic growth in Nigeria. Data were sourced from statistical bulletin. This research study made use of annual time series data covering the period between 1980 – 2010. The study also made use of ordinary least square of multiple regression estimates. From the study, stock market development is positively correlated with the development of financial intermediaries and consequently economic growth. It was therefore recommended that the funds raised by government in form of government securities in the capital market should be put into productive sectors of the economy that will necessitate to growth in all facets of the economy.