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ABSTRACT
The broad objective of the study was to examine the roles of banks in relation to international trade development in Nigeria from the period 2001-2011. Here the technique used was the multiple regression analysis to test whether banks have impact on international trade development in Nigeria via credit to private sector.
The R2 (coefficient of determination) value of 0.91 shows that 91% of total variation in the international trade is explained by the explanatory variable, this shows that the model is a good one in explaining international trade development in Nigeria via credit to private sector. It was then recommended that, since credit to private sector seems to have good significant impact on international trade development, efforts should be taken by the Central Bank of Nigeria (CBN) and other regulatory bodies to formulate monetary policies in such a way that promotes easy access to credit facilities by the private sector. Consequently, All the tiers of government should be encouraged to also partner with banks, so as to promote private sector development by way of easy and continuous access to credit facilities.
