The correct option is D. Nigerian Export-Import Bank. Explanation of the Correct Answer The Nigerian Export-Import Bank (NEXIM) is a financial institution specifically established to promote and facilitate international trade in Nigeria. Its primary role is to support the export sector by providing financial assistance, which includes loans, guarantees, and insurance to exporters. This is crucial for boosting Nigeria's trade with other countries, as it helps Nigerian businesses access the necessary funds to expand their operations and reach international markets. Key Functions of NEXIM:

1. Financing Exports: NEXIM provides loans to exporters to help them finance their export activities, which can include production costs, shipping, and marketing.
2. Insurance and Guarantees: The bank offers insurance products that protect exporters against risks such as non-payment by foreign buyers or political instability in importing countries.
3. Advisory Services: NEXIM also provides advisory services to help businesses understand international trade regulations and market opportunities.

Why the Other Options are Incorrect A. Nigerian Deposit Insurance Corporation (NDIC): - The NDIC is primarily focused on protecting depositors by insuring deposits in banks and other financial institutions. Its main role is to promote confidence in the banking system, not to facilitate international trade. Therefore, it does not align with the goal of boosting Nigeria's trade with the rest of the world. B. Nigerian Economic Reconstruction Fund (NERF): - The NERF was established to provide funding for economic recovery and development projects within Nigeria, particularly after periods of economic downturn. While it may support various sectors, its focus is not specifically on international trade, making it less relevant to the question. C. Nigerian Industrial Development Bank (NIDB): - The NIDB was created to provide financial support for industrial development in Nigeria. Although it plays a role in financing industries, its primary focus is on domestic industrial growth rather than specifically enhancing Nigeria's trade with the global market. Summary of Key Points

• The Nigerian Export-Import Bank (NEXIM) is the institution dedicated to boosting Nigeria's international trade.
• NEXIM provides essential financial services such as loans, insurance, and advisory support to exporters.
• Other options like NDIC, NERF, and NIDB focus on different aspects of the economy and do not specifically target international trade.

Revision Summary

• Correct Answer: D. Nigerian Export-Import Bank (NEXIM).
• NEXIM's Role: Supports exporters through financing, insurance, and advisory services.
• Other Options: NDIC focuses on deposit insurance, NERF on economic recovery, and NIDB on industrial development.
• Importance: Understanding the specific roles of financial institutions helps in recognizing their contributions to trade and economic growth.