An Analysis Of The Impact Of Commercial Bank Credit To Nigeria's Export Trade

ABSTRACT

This study investigates the impact of commercial bank credit (loans and advances) on the Nigerian export trade, taking into consideration the period from 2008 to 2012. After a thorough analysis it was discovered that export trade have earned some substantial amount of foreign exchange for the country, especially when it comes to oil export. This has therefore improved the Nigeria balance of payment and the level of the Nigerian economy. However, non-oil export has also contributed to their own quota as part of foreign exchange earnings, but government should make more policy to promote the growth of non-oil export in the country especially the agricultural sector and banking sector should also encourage them by granting greater percentage of credit (loans and advances) to the sector, in other for them to contribute more of foreign exchange resources and ensure slash export earnings in the country.