This research work scrutinized the role of Banks in Export Financing. Export financing is very important, as Nigerian exporters have to compete with exporters from other pats of the word.
Particularly those from industrial countries who are already in the market and have easy access to various type of export finance sources.
To be able to complete effectively with such exporters, Nigeria exporters must be willing to offer attractive terms to overseas buyers especially through deferred payment facilities which their competitors had provided all along with official support in form of export credit guarantee and insurance facilities to minimize the risks exporting to other nations.
The federal government has and is still working hard to encourage export. A good step towards this is the promulgation of export incentives and miscellaneous provisions decree of 1986, which came up with humorous incentives to export.
More also is the inauguration of NEXIM. In a nutshell it’s pertinent to note that export financing is of great importance towards economic development and balance of payment of our nation. Therefore all hands must be on desk to salvage our nation from the obstacles or hindrance of export financing so as to put our economy into better position.
Ugwu, A.
(2018). THE ROLE OF BANKS IN EXPORT FINANCING. Afribary. Retrieved from https://afribary.com/works/the-role-of-banks-in-export-financing-1423
MLA 8th
Ugwu, Anderson
"THE ROLE OF BANKS IN EXPORT FINANCING" Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/the-role-of-banks-in-export-financing-1423. Accessed 02 Dec. 2023.
MLA7
Ugwu, Anderson
. "THE ROLE OF BANKS IN EXPORT FINANCING". Afribary, Afribary, 29 Jan. 2018. Web. 02 Dec. 2023. < https://afribary.com/works/the-role-of-banks-in-export-financing-1423 >.
Chicago
Ugwu, Anderson
. "THE ROLE OF BANKS IN EXPORT FINANCING" Afribary (2018). Accessed December 02, 2023. https://afribary.com/works/the-role-of-banks-in-export-financing-1423
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