EXPORT - IMPORT FINANCING IN NIGERIA: A STUDY OP NIGERIAN EXPORT - IMPORT BANK (NEXIM).

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Date
1994-06
Authors
ABDULKADIR, Kabir
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Abstract
Export Financing is not new to Nigeria. Prior the establishment of the NEXIM Bank, the Nigeria Export promotion Council (NEPC), the disbanded marketing Boards handled the promotion of mainly Agricultural products. With the discovery of Oil, and its subsequent exportation, the nation's export posture shifted from the exportation of Agricultural products and other forms of minerals to oil alone. Due to decline in the price of oil, the adverse effect it has on the economy became a sudden fall in foreign exchange base of the nation. In order to redress this serious situation, the Federal military Government promulgated in 1986 the export incentive and miscellaneous provision Decree which enumerated a number of incentives to be provided by the NEPC and other agencies of Government. The decree with its incentives serve as a spring board to which individuals and corporate entities could export to earn the needed foreign exchange for the nation. The study attempts to look at the structure, functions and objectives and the problems facing the export sector and the solutions. As sources of data collection, both primary and secondary methods were used. Publications seminar papers and texts books were mainly the source of secondary data while questionnaires, interview and verbal discussion were used as primary sources to obtain pertinent information. in 1988, the enabling Decree - the Nigerian Export credit Guarantees Insurance Corporation Decree No 15 of 1988 was promulgated and its pioneer board inaugurated in November 1990. The organisation commenced operation in January 1991. The Decree was repeated by the Government and provided for establishment of NEXIM Bank. After series of operational and technical studies were conducted, NEXIM Bank emerged by Decree 38, 1991. The services rendered by the NEXIM Bank towards export financing and promotion in Nigeria were stressed and all the necessary procedures and documents required by an exporter to go into the export business.
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BEING A PROJECT SUBMITTED TO THE POST-GRADUATE SCHOOL OF THE AHMADU BELLO UNIVERSITY, ZARIA, IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION (M.B.A.) DEPARTMENT: BUSINESS ADMINISTRATION FACULTY: ADMINISTRATION DATE: JUNE, 1994
Keywords
EXPORT,, IMPORT,, FINANCING,, NIGERIA, STUDY,, NIGERIAN,, EXPORT,, IMPORT BANK,, (NEXIM)
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