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- No of Pages: 47

- No of Chapters: 1-5

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Introduction:

Abstract

This study investigates the impact of commercial bank credit (loans and advances) on the Nigerian export trade, taking into consideration the period from 1983 to 2009.



After a thorough analysis it was discovered that export trade have earned some substantial amount of foreign exchange for the country, especially when it comes to oil export. This has therefore improved the Nigeria balance of payment and the level of the Nigerian economy.



However, non-oil export has also contributed to their own quota as part of foreign exchange earnings, but government should make more policy to promote the growth of non-oil export in the country especially the agricultural sector and banking sector should also encourage them by granting greater percentage of credit (loans and advances) to the sector, in other for them to contribute more of foreign exchange resources and ensure slash export earnings in the country.

Table of Content

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Introduction

INTRODUCTION



The roles of commercial banks in our modern economy cannot be over emphasized, commercial banks in Nigeria as a financial institution helps in financing the exporting sector of the economy, by lending out short-term loans to those into manufacturing, exporting, trading and industries.



Lack of bank credit (loan and advances) in our economy has brought about low rate of economic growth and diversification of most industries in Nigeria. The availability of bank credits to those in trade determines what is produced and how much of that product is produced. Therefore, commercial banks perform their important role of financial assistance by rendering important services by granting (loans and advances) to various sectors of the Nigerian economy. Commercial banks support the economy by serving the credit needs of their customary and providing a safe place for the cash balance. Of individual credit activities on the export sector of the Nigerian economy, there are general statements which guide or channel actions in decision making about the export sector advance and investment of commercial bank.



Every year, the Central Bank as part of their duty in controlling monetary policy, publish credit policy guidelines for the fiscal year.