Thesis Abstract

Abstract
Trade and finance are critical components that influence economic growth and development in Nigeria. This study examines the impact of trade and finance on the economic growth and development of Nigeria, with a focus on the Central Bank of Nigeria's role in shaping these dynamics. The research utilizes both quantitative and qualitative methods to analyze the relationship between trade, finance, and economic growth in Nigeria. The study investigates the role of trade in promoting economic growth by analyzing the patterns of trade, including exports and imports, and their impact on GDP growth. Furthermore, it examines the importance of finance in supporting economic development through the provision of credit, investment opportunities, and financial stability. The Central Bank of Nigeria plays a crucial role in regulating trade and finance activities in the country. The study assesses the policies and interventions of the Central Bank in influencing trade and finance dynamics to stimulate economic growth. It also examines the effectiveness of these policies in achieving sustainable economic development in Nigeria. Empirical data is collected and analyzed to evaluate the relationship between trade, finance, and economic growth indicators such as GDP growth rate, inflation rate, and exchange rate stability. The study employs regression analysis to identify the significant factors that drive economic growth in Nigeria and the specific impact of trade and finance on these factors. The findings of the research provide valuable insights into the mechanisms through which trade and finance influence economic growth and development in Nigeria. The study highlights the importance of promoting trade activities and ensuring a stable financial system to support sustainable economic development. It also underscores the need for effective policy interventions by the Central Bank of Nigeria to address challenges and foster a conducive environment for trade and finance to thrive. Overall, this research contributes to the existing literature on the relationship between trade, finance, and economic growth in Nigeria, with a specific focus on the role of the Central Bank of Nigeria. The findings offer practical implications for policymakers, economists, and financial institutions to enhance trade and finance practices that can drive economic growth and development in 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

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