MARITIME SECTOR: KEY DRIVER OF ECONOMIC GROWTH AND SUSTAINABLE DEVELOPMENT IN NIGERIA

Ikenna Amuka, Paul C. Ezinna

Abstract


Nigeria’s Maritime sector is a neglected gold mine. It is capable of becoming a key engine of economic growth and sustainable development, if enhancive strategies are implemented for optimum efficiency. Nigeria’s maritime sector performance for 2019, like the global maritime business in the evidently points to the negative. However, factors that led the local maritime downward are different from factors that negatively affected global maritime sector. This paper will assess the technologies advancement; automation and digitalisation of Nigeria maritime sector to ensure it attain global best practices recommended by International Maritime Organisation (IMO) and United Nations Conference on Trade and Development (UNCTAD). Currently, technological advancement is bringing its transformative advantages to the maritime ports and shipping space. In the industry known for complex issues, large scale, and a need for firm reliability, digital technologies that create new opportunities for better optimization, automation, and profitability. The study will also analyse maritime performance indicators which includes performance measurement, direct shipping connectivity, port improved management and environmental factor. Performance indicators are systematic tools that determine nature and critical issues that confront shipping industry and ports, help evaluate the possible impact of another policy decision. The challenges, prospects and sustainability of maritime sector in Nigeria over the years will be properly reviewed. The maritime future poses numerous challenges, but also erupt numerous opportunities. Global trade is expanding, Ports and shipping as its workhorse are undergoing transformation and facing massive challenges in maintaining competitiveness. Theories, analyses supporting statistical data, and related information from other relevant institutions and agencies, served as the framework of the study. The result of the study is expected to contribute in economic growth and sustainable development of the maritime sector.

JEL: R40; R42; L20

Article visualizations:

Hit counter


Keywords


maritime sector, economic growth, sustainable development, automation and digitization, performance indicators, shipping and ports

Full Text:

PDF

References


ABS (2020). Sustainability for the maritime sector

Ace Omozuma (2019). Enhancing Nigeria’s maritime sector ships and ports.

Brickstone Africa Research (2019). Challenges and solutions, private sector participation in the Nigeria maritime Industry

Business a.m. (2019). Nigeria’s Maritime records poor performance in 2019, edges up for 2020.

Department of Transport, UK (2019). Maritime 2050 “Navigating the future.

FMEAE (2017). Maritime Agenda 2025 “A future of Germany as a maritime industry hub”

IMO (2013). World Maritime Day: “Sustainable Development. Imo’s contribution beyond RIO +20”

LCCI, OPS & CIPE (2018). Maritime Port’s Reform in Nigeria: Feedback from the OPS.

Lloyd’s Maritime Academy (2019). Maritime technologies that are changing the industry in 2019 and beyond.

Maritime Executive (2020). Looking towards Expansion of Nigeria’s Maritime.

Nigeria Maritime 360.com (2018). Nigeria: How Maritime sector can bail out Nigeria from Recession.

The New Maritime World (2016). PPP to the rescue of the financing of Port infrastructure.

UNCTAD (2018). Review of maritime transport

UNCTAD (2019). Review of maritime transport

UNCTAD, Policy Brief N0. 75 (2019). Digitalization in maritime transport ensuring opportunities for development.

World finance (2020). The shipping industry must adapt if it is to survive in the modern world.




DOI: http://dx.doi.org/10.46827/ejhrms.v5i2.1077

Refbacks

  • There are currently no refbacks.


Copyright (c) 2021 European Journal of Human Resource Management Studies

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

The research works published in this journal are free to be accessed. They can be shared (copied and redistributed in any medium or format) and\or adapted (remixed, transformed, and built upon the material for any purpose, commercially and\or not commercially) under the following terms: attribution (appropriate credit must be given indicating original authors, research work name and publication name mentioning if changes were made) and without adding additional restrictions (without restricting others from doing anything the actual license permits). Authors retain the full copyright of their published research works and cannot revoke these freedoms as long as the license terms are followed.

Copyright © 2017-2023. European Journal Of Human Resource Management Studies (ISSN 2601-1972) is a registered trademark. All rights reserved.

This journal is a serial publication uniquely identified by an International Standard Serial Number (ISSN) serial number certificate issued by Romanian National Library. All the research works are uniquely identified by a CrossRef DOI digital object identifier supplied by indexing and repository platforms. All the research works published on this journal are meeting the Open Access Publishing requirements and standards formulated by Budapest Open Access Initiative (2002), the Bethesda Statement on Open Access Publishing (2003) and  Berlin Declaration on Open Access to Knowledge in the Sciences and Humanities (2003) and can be freely accessed, shared, modified, distributed and used in educational, commercial and non-commercial purposes under a Creative Commons Attribution 4.0 International License. Copyrights of the published research works are retained by authors.