THE ROLES OF FINANCIAL INSTITUTIONS IN EXPORT FINANCING IN NIGERIA (A CASE STUDY OF FBN PLC)
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ABSTRACT
This research work scrutinized the role of financial institution in export financing export financing is very important, as Nigerian Exporters have to complete with exporters from other parts of the world who are already in the market and have easy Access to various types of export finance sources.To be able to complete effectively, exporters should be able to offer attractive terms to foreign buyers especially through bettere payment facilities which their competitors had provided all along with official insurance facilities to minimize the risk exporting to other nations.The federal government has and it still working hard to encourage export.A good step towards this is promulgation of export incentives and miscellaneous provisions degree of 1986, which came up with numerous incentives to promote export.More also, is the inauguration of NEXM.In a nutshell, it is pertinent to note that export financing is of great importance towards economic development and balance of payment of our nation.
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