EXTERNAL TRADE FINANCING IN NIGERIA A PROJECT PRESENTED

It has been frequently asserted that commercial that commercial bank and infact the entire banking sector in Nigeria are exhibiting lukewarm attitude to external trade financing rather that their participation over the years is grossly inadequate. When they agree to participate at all they restrict their financing to specific sector within that external trade sector like merchandize trade which are mainly short term in nature. Also in the recent years commercial bank haled been accused of denying financial services to medium level import and export participants by refusing to grant individual who cannot handle loans of up to N50,000 loan facilities for a critical appraisal of their problems.