Thesis Abstract

Abstract
This research investigates the impact of trade and finance on economic growth and development in Nigeria, with a specific focus on the role of the Central Bank of Nigeria (CBN). The study aims to analyze how trade policies and financial regulations implemented by the CBN influence the overall economic performance of Nigeria. The research employs a mixed-methods approach, combining quantitative analysis of macroeconomic data with qualitative assessments of CBN policies. Through regression analysis, the study examines the relationship between trade openness, financial development, and economic growth in Nigeria over the past decade. The results indicate that trade liberalization and improvements in financial infrastructure have positively contributed to economic growth in the country. However, challenges such as exchange rate fluctuations and capital flight continue to hinder sustainable development. Furthermore, the research explores the specific interventions of the CBN in promoting trade and financial stability. By regulating the foreign exchange market, implementing monetary policies, and providing support to key sectors of the economy, the CBN plays a crucial role in shaping Nigeria's economic landscape. The study evaluates the effectiveness of these interventions and proposes recommendations for enhancing their impact on economic growth and development. Overall, this research sheds light on the complex interactions between trade, finance, and economic development in Nigeria, highlighting the importance of sound policies and institutional frameworks in driving sustainable growth. By focusing on the role of the CBN, the study provides valuable insights for policymakers, researchers, and practitioners seeking to understand and enhance the economic performance of Nigeria.

Thesis Overview

Several statistical approaches were implemented to carry out this research, in which Central Bank of Nigeria (CBN), Nigeria Institute of Economic Research (NISER), National Bureau of Statistics (NBS) were involved, information  were adequately collected and analysed respectively. The purpose of the study is to evaluate the effect of trade and finance evaluates the effort of Nigerian economy on the on economic growth and development in Nigeria and its impacts on development.

The findings however, showed that trade and finance has a direct impact on the economic growth and development in Nigeria.

The philosophical and logical framework of this study is based on the” hypothesis that trade and finance plays veritable role in sustainable development- whether in the developed or growing economy. Both the controllable and non controllable variables were subjected to strict and critical analysis in line with the research question.

The findings of this work clearly showed that no nation can do without trade and commerce. Another interesting finding of the work is that finance enables and facilitates efficient and effective home and international trade thereby promoting sustainable economic development.

It is very instructive to point out that trade and finance impacts significantly to the wheel- of commerce. In summary therefore it is believed that the effect of trade and finance cannot be over-emphasized here due to the findings of this work which corresponds to previous findings of both the various authors and the statistical records of the Central Bank of Nigeria and World Bank respectively, which indicated that Nigeria with fast growing population will benefit greatly from the availability of sufficient capital and international trade