EXTERNAL TRADE FINANCING IN NIGERIA. A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
PROPOSAL
The main objective situated under this study is the External trade financial in Nigeria.
The study has been formed into five chapters to make for easy reading and under standing.
Chapter one dealt much on the External trade financing in Nigeria with reference to the federal government and commercial banks participation in the financing of trade in Nigeria.
Through this, other four 4 chapter were derived that is based from chapter one I in order to confirm the finding recommendation and conclusion.
All the same, from participation of federal government and commercial banks in the external trade financing in Nigeria more effort should be put to reduce the problems of external trade financing and less consideration given to agricultural export product which earn large or most of our foreign exchange in the 60s and 70s.
In view of the findings above recommendation have been made that the commercial banks has a lot of role to play in financing the external trade in Nigeria.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
For the past few years, it is Cleary that the present civil administration is posed to see an improvement in the external trade sector of Nigeria economy. This is geared towards increasing the export activity and reducing to a minimal level, the rate of import transaction as a measure to boost our country’s external reserves. This trend is buttressed by the various policy stipulations and regulation as well, as incentive dished out by the federal government to participant in the external trade sector, most especially the export sector. The owns of this interest by various levels of government is hinged on the need to boost our foreign reserves which was previously depleted by import that swept through the country during oil boom era and second republic .
There is also the urge to restage agricultural sector which contributed immensely to our export earnings prior to the oil era, since earnings derivable from oil export can no longer be adequate derivable form oil export can no longer be adequately predicted.
The aims and objectives outlined above cannot achieved without adequate participation of financial institution and intermediation most especially commercial banks, thus various government policies are usually implemented through that financial institution in the country. Thus a tight monetary policy disfavour a particular sector of the economy.
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