Has Maritime Transport Sector Impacted on the Growth of Nigeria’s Economy?

dc.contributor.authorIgberi, C.O.
dc.contributor.authorOgunniyi, M.B.
dc.date.accessioned2021-02-03T12:31:48Z
dc.date.available2021-02-03T12:31:48Z
dc.date.issued2013
dc.descriptionScholarly articlesen_US
dc.description.abstractNigeria is bound by vast water resources along her coast, the access to sea water ways can therefore be explained by the volume of transportation of goods and persons to and from the country. This study investigates the effect of the Nigerian maritime sector on the growth of the Nigerian economy especially the industrial sector of the economy. This paper uses the method of ordinary least square and the seemingly unrelated regression to estimate the impact of this key sector. The data employed is secondary in nature and was sourced from CBN statistical bulletin. The result of the regression analysis shows that the maritime transport sector has a negative relationship, though not significant on the economic growth of the nation and also on industrialization of the Nigerian economy. The study concludes that for the Nigerian maritime transport to have a positive andsignificant impact on economic growth and industrialization in Nigeria, government should formulate policies that would encourage genuine foreign and private participations in the maritime sector of the economy.en_US
dc.identifier.citationIgberi, C.O. and Ogunniyi, M.B. (2013): Has Maritime Transport Sector Impacted on the Growth of Nigeria’s Economy? Journal of Business and Economics, ISSN 2155-7950, USA. August 2013, Volume 4, No. 8, pp. 722-736.en_US
dc.identifier.issn2155-7950
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/9159
dc.language.isoenen_US
dc.publisherJournal of Business and Economicsen_US
dc.subjectMaritimeen_US
dc.subjectTransporten_US
dc.subjectIndustrializationen_US
dc.subjectEconomic growthen_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCES::Business and economics::Economicsen_US
dc.titleHas Maritime Transport Sector Impacted on the Growth of Nigeria’s Economy?en_US
dc.typeArticleen_US
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