An economic activity is never truly too efficient and ripped for a nation like ours to establish a stock market. We can learn from South Africa, Kenya, Nigeria, Ghana and from the West as to how we should go about establishing ours in this country of vibrant and lively business minded people. Although, our National GDP and GNP; (Gross Domestic Product & Gross National Products) by average, in comparison to international standards, may not qualify our country for such market, if these were the only yardsticks used to determine the viability for the establishment of a stock market. Hence, the question that arises is; were Western countries or our African neighbors qualified in terms of their countries general economic activities before establishing their stock markets? Or were their income level ripped for such markets, when they chose to establish them? Even the great United States’ markets before the establishment of States and Federal laws to govern the activities of their stock markets, were neither qualified nor efficient by current standards at the time of the introduction of national standards and rules governing stock markets activities.