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The role of financial institution in the promotion of non-oil exports in Nigeria – case study of First Bank Nigeria Plc

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Abstract

This work is designed to look into the financial institutions in non-oil export financing. Exporters in Nigeria come to compete with exporters in the other parts of the world. Partially those industrialized countries who are already in the market and easy across to various types of exports to financial resources, this project is also written to sort the yearning of exports. Basically, exports generally and organizations that engage themselves in the export programme will find answers to the question for those work. The achievement of the purpose of the study, the data needed for the analysis was obtained through the administration of sixteen (16) questionnaires to the management and staff of the selected banks (First Bank Plc) which were selected on the basic simple random sampling process. The study highlighted the factors that hinder export finances in Nigeria, based on the findings, the research recommended that banks should expatiate the granting of loans facilities. It also revealed that the financial institutions should not resent in the effort in promoting non-oil export in the long run. The role incentives and other promotional measures seem too logical that you would think it has been quickly adopted by most exporting firms. It will equally test the role of financial institutions to a certain level.

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