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.
TABLE OF CONTENT
CHAPTER
ONE
1.1
Background of the study
1.2
Statement of the problem
1.3
Objective of the study
1.4
Significance of the study
1.5
Limitation
1.6
Definition
CHAPTER TWO
2,1 Review of related
literature
CHAPTER THREE
Research
design and methodology
3.1
Sources of data
3.2
Location of data
3.3
Method of data collection { literature work only}
CHAPTER FOUR
4.1
Findings
CHAPTER FIVE
5.1 Conclusion
5.2
Recommendation
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. Also, there is the case of inauguration or
enactment of policies, be the government, and their actual implementation by
the financial institutions commercial banks. This research will be
limited to commercial bank, the live wire of every government in the
execution of monetary policies, aimed toward different sector within the
economy and the external trade sector which is within the economy structure, so
the participation commercial banks is very important in the realization of the
above objective relating to the external trade sector .
The word financing relates to the provision of
fund when and where they are required for the implementation of economic
activities of man. Taken the definition into consideration the external
trade financing will than porting the technique of providing fund by
various financial institutions, individuals corporate bodies and government
that engage in external trade business. This financing function comes in
different ways and various instrument abound for the smooth facilitation
of this financing activity for and the instruments that go
with it, is a function of whether we are concerned with import trade financing
or export trade financing both of which falls under external trade financing.
For the purpose of the project. Work emphasis will be placed on historical
analysis of trends in import and export sector of the economy in past five
years so as to the determined how vibrant form of financing
available for the smooth operation of the sector. This analysis will be done on
the basis of economic needs and aspirations of nation in the relevant periods.
1.2 STATEMENT
OF PROBLEM
It ahs been frequently
asserted that commercial that commercial bank and infact the entire
banking sector in Nigeria are exhibiting lukewarm attitude to external
trade financing rather that their participation over the years is grossly
inadequate. When they agree to participate at all they restrict their
financing to specific sector within that external trade sector like
merchandize trade which are mainly short term in
nature. Also in the recent years commercial bank haled been accused
of denying financial services to medium level import and export participants by
refusing to grant individual who cannot handle loans of up to N50,000 loan
facilities for a critical appraisal of their
problems.
1.3 OBJECTIVE
OF STUDY
This research work is
intend to bring out the inconsistencies in the external trade financing.
Then use the conclusion derived from that research work to propagate some
conclusion assertion in the external trade financing activities of the
country. And to recommend measure of minimizing inconsistencies in external
trade financing in Nigeria
1.4 SIGNIFICANCE
OF THE STUDY
This research work will
be of immense benefits to the following groups.
i.
Foreign interest group
ii.
Banking sector must especially commercial banks
iii.
Government sector.
iv.
Corporate bodies
v.
Private firms having internal in external trade financing in Nigeria
vi.
Research scholar
Certainly this will serves as a secondary
sources of data to other researcher.
1.5 DEFINITION OF
TERMS
Bank: There are two types of banks namely the central
bank which is technical a nationalized industry owned and ultimately controlled
by the government and commercial banks that accept deposit and gives in return
as demanded by the depositor.
External trade: This is a trade between nations a trade across
the national boundary
Financing: A process whereby founds are sources or
providing when and where they are required for the purpose of
implementing economic activities is term financing.
Imports: This simple means goods which are produced in a
country that are bough from other countries.
Export: This is when you sell goods produced is your
country to other countries.
Commercial banks: These are financial institution authorized by
law to accept deposit accept valuable properties for safety custody lending
money in an agreed interest and above all lease properly interested customers
on demand and finally contract on behalf of customers.
Agriculture
sector: These is a sector that
deals with all aspect of agricultural namely livestock farming, fishing,
forestry, import and exports,
Financial
institution: These
are establishment that issued financial obligations such as demand
deposit in other to acquire funds from the public united bank for
African
Department | Banking and Finance |
Project ID Code | BFN0040 |
Chapters | 5 Chapters |
No of Pages | 23 pages |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2347043069458 |