The Impact of Port Congestion on The Nigerian Economy
Journal Title: International Journal of Scientific Research and Management - Year 2015, Vol 3, Issue 7
Abstract
This research assessed the impact of port conge stion on the Nigerian economy. It also examined critically, the factors affecting port performance and its impact on the Nigerian economy. Relevant literatures on port congestion and its effects on port productivity were reviewed. Secondary data were obtai ned from Central Bank Statistical Bulletin and Nigerian Ports Authority annual bulletin. Data for GDP, Imports, Exports and ports indicator of utilization and of service (Ship c alls, Cargo throughput ) for a period of 18 years (1995 - 2012) were analyzed us ing Multiple Regression with the aid of Statistical Package for Social Sciences (SPSS V.20.0), to determine the degree of significance of variables affecting port economic drivers. From the result of the analysis, it was deduced that imports, exports, carg o throughput and berth occupancy ratio correlate significantly and are statistically impacted by GDP variable. Nigerian economy is dependent on the export of Crude oil and Agricultural produce to earn foreign income, while our industries is dependent to a large extent, on the importation of materials needed for their consumption or production activities. Therefore, stagnation in port operations (ports congestion) will have dire economic consequences on the economic growth of the nation. Expanding gate opera ting hours will maximise the use of off - peak roadway capacity. Nigerian ports should start offering 24 hour/day gate operations to improve berth utilisation rate, reduced cargo d well time, enhanced ship turnaround time. This will discourage the diversion o f Nigeria bound cargo to ports of neighbouring countries, which implies improved revenue yield to the Nigerian economy. From the test of hypothesis, using the statistical student t - test, there is a strong, statistical, significant relationship between Gros s Domestic Product and port performance economic driver s (imports, exports, ship calls and cargo t hroughput )
Authors and Affiliations
ONYEMA, Henry Kelechi
Keywords
Related Articles
- EP ID EP217379
- DOI -
- Views 95
- Downloads 0
A Study of Cellular Subscribers Satisfaction at Nanjan gud Taluk
The research paper is focused on to analyze the difference in satisfaction level among different age groups towards service attributes and opinion of customers about changing their opted service connections. 50 responden...
Operational Impact of ICTs in Front - Office of Selected Hotels in South - East and South - South Nigeria
The operation of Front - Office of a hotel or a holiday centre is dependent on the effectiveness and efficiency of services rendered. When hotel services are predominantly manual, timely services may not be witnessed at...
Usability - Based User - Centered Design of Android Applications
Usability is a quality attribute which makes the user interfaces easier to use. Now - a - days the use of mobile devices in increasing rapidly, which are mostly used by common people. So thes...
Effect of Mobility and Different Data Traffic in Wireless Ad Hoc Network
An Ad - Hoc Network is a self - configuring network of mobile nodes connected by wireless links, to form an arbitrary topology. In this paper, we have studied the effects of various mobility m...
THEORE TICAL REVIEW OF THE ECONOMICS OF PAPER MACHINE OPERATION
This pa per reviews the variables affecting the production capacity of a paper machine. Paper grammage,machine deckle and operating speed of the machine are cited as major determinants, among...