The structural deformity interest in the Nigerian economy since colonial era finally gave way to restructuring of the economy in July 1986 through the Structural Adjustment Programme (SAP). This programme has is prime objective in the effective attering and restructuring of the consumption and production pattern of the Nigerian economy using market mechanism and proper valuation of the Naira as its major tools.
This singular effort redirected the focus of the government, financial non-financial institution and individual investors of this country towards expanding the economic frontiers of Nigeria away from the non-export status to diversify export orientation. A situation that required among other encouragements.
The argument other people of the improved export financing in Nigeria are among other factors as: it allows for the diversification of the economy from the present dependence on crude oil allied products to the non-oil sector of the economy. A part from this, improved export financing will equally improves the foreign exchange of the country its positive effect.
On the country’s foreign reserves and import financing. Before having a detailed analysis of the benefits accruable to a country from paper and improved export financing, it will be in line to give brief historical perspective to the development and effort towards export financing in Nigeria, while in the interim, the problem, prospects encountered and envisage respectively by the institution (Nigeria Export-Import Bank (NEXIM) statutorily saddled will the responsibility of providing the potential exports.