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The Role of Financial Sector in the Promotion of Non  Oil Exports in Nigeria

The Role of Financial Sector in the Promotion of Non – Oil Exports in Nigeria

Project / Seminar Material
Reference ID: PS-11642-TM

DEDICATION

This research material titled “The Role of Financial Sector in the Promotion of Non – Oil Exports in Nigeria” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Banking and Finance (BF), Book Authors and Profound Scholars of existing or related project material on “The Role of Financial Sector in the Promotion of Non – Oil Exports in Nigeria” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

TABLE OF CONTENTS

PRELIMINARY PAGES


CHAPTER ONE

INTRODUCTION


    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • 2.4 Empirical Studies

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”


    The Role of Financial Sector in the Promotion of Non – Oil Exports in Nigeria

    CHAPTER ONE


    Introduction

    1.1 Background Of The Study.

    As a developing country, Nigeria is a net importer of capital. They need foreign exchange to finance exchange earnings from all, which contributes a major, part other total foreign exchange earning. Since the financial sector, in general and the banks in particular, are the nere centers of the Nigeria economy, they are therefore expected to play important role in promoting Nigeria’s non-oil exports Nigeria needs the financial institution to contribute, they have to operate so many loans scheme and contribute through stock exchange market facilities.

    In order to achieve this goal our financial institution such as commercial banks, central bank of Nigeria, merchant banks, institution have to export encourage the bodies that are engage in the export program by giving the assistance where ever it is needed most. That means the financial institution has a very important role to play of which this study will take look at that role.


    1.2 Statement Of Problems:

    The next thing now is what are the problem they encounter in performing this role. Here are some of the problems.

    Lack of Awareness by Exporters:

    Most exporters do not know the services available for them in the banks and insurance houses, here they still do it all on their goods as they have very small market for their products. For a bank to clear case of low turn out by exporters reveal this fact and for insurance most of the remain under utilized.

    Corruption at the Borders:

    There is a high degree of corruption at our border. This meant to check and make sure nothing is smuggled out through the borders, resort to accepting bribes from the smugglers as a result most exporters don’t want to go through right channel. They export without proper documentation and banking assistance thereby leaving the separate department created by the bank to cater for export trade lying under tilized.

    Loan Default:

    In most financial houses they are faces with the problem of loan default mostly by small − scale exporters with inadequate knowledge of their business area. In some cases, things turn out to be quite different from what they anticipated and their income falls very short of estimate hence, they cannot repay their loan.

    Now Implementation of Some Export Promotion Incentives:

    Some of the export promotion incentives made available by government are yet to be implemented. For example the export credit guarantee scheme which is suppose to serve as guarantee for export credits. Since this is yet to take off, the banks are then faced with the problem of indent identifying credit worthy exporter’s credibility. This has made them reluctant in granting credit to just any exporter.

    Size Of Exporting Units:

    In most exporting firms in Nigeria are usually small or medium sized and not often in position to produce tangible or valuable securities, worse still, they do not keep proper books of accounts and management. Banks therefore, encounter difficulties in evaluating their performance towards using it as a guide to granting them credits.

    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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