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The role of financial institution in the promotion of non-oil export in nigeria

 

Table Of Contents


Thesis Abstract

Abstract
The Nigerian economy has long been dependent on oil as the main source of revenue, leading to vulnerabilities due to fluctuations in global oil prices. In recent years, there has been a growing emphasis on diversifying the economy by promoting non-oil exports. Financial institutions play a crucial role in this process by providing the necessary financial support and expertise to non-oil exporters. This research project aims to explore the specific role of financial institutions in the promotion of non-oil exports in Nigeria. The study will examine the various financial products and services offered by banks and other financial institutions to support non-oil export businesses. It will also assess the challenges faced by non-oil exporters in accessing financial support and propose recommendations to enhance the role of financial institutions in promoting non-oil exports. The methodology for this research project will involve a combination of literature review, interviews with key stakeholders in the financial sector, and analysis of data related to non-oil exports and financial support provided by institutions. The data collected will be analyzed using qualitative and quantitative methods to gain insights into the current state of financial support for non-oil exports in Nigeria. The findings of this research are expected to highlight the importance of financial institutions in facilitating the growth of non-oil exports in Nigeria. By understanding the specific challenges faced by non-oil exporters in accessing financial support, policymakers and financial institutions can develop targeted strategies to address these issues and promote the diversification of the economy. Overall, this research project will contribute to the existing literature on the role of financial institutions in promoting non-oil exports in developing economies like Nigeria. The findings will have practical implications for policymakers, financial institutions, and non-oil exporters, providing valuable insights into how to enhance financial support for non-oil exports and drive economic diversification.

Thesis Overview

1.1 STATEMENT OF PROBLEM AND PURPOSE OF THE STUDY

The purpose of this study will be to evaluate the role and strength of the financial institution in promoting Nigeria’s non-oil exports.
There are some already existing role played will undertake a close assessment of such roles to see how effective they have been towards promoting of non-oil exports because necessary and a place will be give to it. Government’s promotional contribution to non-oil exports will also considered.

This study intend to contribute to the already existing knowledge in this light possible measures that will make the financial sector’s promotional role more effective for an increase non-oil exports it is this hoped towards future policy decision as well as act as a reference material for students of finance, economic and other relate fields of study.

1.2 REASON FOR THE STUDY

Every researcher have the reason for his/her research and some of the reason will be listed below.

(1) To know the roles financial institution plays in promoting non-oil export in Nigeria.

(2) To know the amount of loans financial institution lend to non-oil export in our country.

(3) To know the import of financial institution on the promotion of non-oil export.

1.3 THE SIGNIFICANT OF THE STUDY

Through this research work in find it so difficult to make sure that there is no mistakes in my research work and I have gone through in this topic of my study and I further suggest that through this study it will benefit our nation and world wild to know the role financial institution play in promotion of non-oil export and even my colleagues and other fields in higher institutions will benefit form reading this my work.

1.4 DEFINITION OF TERMS

THE FINANCE INSTITUTION

According to central bank of Nigeria bullion the financial institution in its entirely is made up.

(a) The banking system consisting of the commercial merchant and development banks led by the central banks of Nigeria.

(b) The capital market made up the Nigeria stock exchange securities and exchange commission issuing house stock brooking firms

(c) Find suppliers insurance houses pension etc. these institution have specific and general role in promoting Nigeria non-oil export. However the purpose of this study on the financial institution here most emphasize more to banks and less the insurance company.

NON-OIL EXPORT
The non-oil export of Nigeria as it is self-expletory refers to those non-oil allied products produced for international market. Broadly the include output from agriculture services manufacturing and soil mineral.

In considering Nigeria’s non-oil exports this paper will only focused on manufacturing and agriculture products (processed and semi-processed). This metal which is about the only solid mineral still on the export list ported in a very insignificant quantity and value.

EXPORT PROMOTION
Banking involve in some export promotional activities such as sponsoring organizing and participating in seminars workshops trade exhibition they participate in both local international trade firm.

In the process of getting involve in the above mentioned they expose the public to their export developed will conduct trading on the export and will help stem the flow of crop export.



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