ABSTRACT
This study attempts to analyze the Impact of the implementation of the Cabotage law on the Maritime Industry in Nigeria. Taking the Nigerian Maritime Administration and Safety Agency (NIMASA) as the case study, the study x-rayed the level of enforcement of the Cabotage by NIMASA as a Maritime regulatory body in Nigeria. More emphasis was laid on the benefits accruable to stakeholders of coastal trade. A Comparative analysis is carried between few selected countries and Nigeria. With the use of SPSS 15.O version, a multiple regression analysis was carried out on the number of ships call (Independent Variable) and the gross registered Tonnage (GRT) as well as the revenue generated (dependent variables).
The results reveal a positive relationship between the GRT and the number of Vessels which implies that as the number of ship call increases, gross registered tonnage increased, as well as the revenue generated through the ship registry of NIMASA and thus to the government of Nigeria. This is represented by the following models: GRT = 0.378 + 0.092N and GDP = - 425393 + 0.181CIN + 0.002COU – 0.54BOP + 15393EXR.The study concludes that NIMASA has the potential to contribute immensely to the development of the maritime industry in Nigeria through sustainable implementation of the cabotage. It is recommended that more efforts be made to encourage indigenous ship owners in acquisition and cargo generation in the cabotage regime. This will increase the number of ship calls, gross registered tonnage and increased revenue generation (GDP), more competitive Exchange Rate and Balance of Payment.
CHAPTER ONE - INTRODUCTION
1.0 Background of the Study 1
1.1 Statement of the Research Problem 12
1.2 Objectives of the Study 13
1.3 Research Questions 13
1.4 Research Hypothesis 14
1.5 Significance of the study 14
1.6 Scope of the Study 15
1.7 Justification of the Study 15
CHAPTER TWO – REVIEW OF RELATED LITERATURE
2.0 Review of the Impact of NIMASA on the Maritime Industry 16
2.1.1 Cargo Control, Sharing & Monitoring among the Shipping line 18
2.1.2 Establishment of Ship Acquisition & Ship Building Fund 19
2.1.3 Promoting the Training of Sea Farears 20
2.1.4 Maritime Data Collection and Analysis 21
2.1.5 Local and International Conferences and Seminars 22
2.1.6 Maritime Pollution and Control 22
2.2 Review of the Role Maritime Industry in National development 23 2.2.1 Acceleration of Economic growth 23
2.2.2.1 Improved Technological know how 24
2.2.2.2 Employment Opportunities 25
2.2.2.3 Improved Revenue Generation 25
2.2.2.4 Other Background Linkages 25
2.3 Review of the highlights of major functions of Nigeria Maritime and Safety Agency (NIMASA) 26
2.3.1.1 Regulatory Functions 27
2.3.2 Operational Functions 27
2.3.1.2 Promotional Functions 28
2.3.1.3 Ship Registry Functions 28
2.3.5 Maritime Safety Security Seafarers Standard 29
2.3.6 Pollution Prevention and Control 30
2.3.7 Maritime Labour Services 31
2.3.8 Cabotage Enforcement 31
2.3.9 Shipping Development 32
2.4 NIMASA Legal Regulatory Framework 33
2.4.1 Information Technology 34
2.5 Investment Opportunities in the Nigeria
Maritime Sector 34
2.5.1. Importance of Shipping in World Trade 36
2.6 Types of Ship Engaged in Maritime Business 37
2.6.1 Maritime Transport and Development 38
CHAPTER THREE - METHODOLOGY
3.0 Introduction 40
3.1 Source of Data 40
3.2 Analytical Techniques 40
3.2.1 Regressional Analysis 40
3.2.2. Test of Significance 41
3.2.3 Correlations Analysis 42
CHAPTER FOUR – DATA ANALYSIS
4.1 Introduction 43
4.2 Regression Analysis of the Relationship between Number of Vessel and Their Gross Registered Tonnage for Conventional Ports 43
4.3 Discussion of correlation analysis of variable for 2004/2005 46
4.4 Discussion of Regression Analysis for Gross Domestic Product, Cargo through Put, Balance of Payment and Exchange Rate 48
4.5 Interpretation of the Relationship between Ship Tonnage and Revenue 50
CHAPTER FIVE – CONCLUSION AND RECOMMENDATIONS
5.1 Summary of Major findings 51
5.2 Conclusion 51
5.2 Recommendations 52
References 53
Ihemedu, C (2021). The Impact of the Implementation of Cabotage Law on the Maritime Industry in Nigeria. Afribary. Retrieved from https://afribary.com/works/the-impact-of-the-implementation-of-cabotage-law-on-the-maritime-industry-in-nigeria
Ihemedu, Chidi "The Impact of the Implementation of Cabotage Law on the Maritime Industry in Nigeria" Afribary. Afribary, 22 Feb. 2021, https://afribary.com/works/the-impact-of-the-implementation-of-cabotage-law-on-the-maritime-industry-in-nigeria. Accessed 22 Nov. 2024.
Ihemedu, Chidi . "The Impact of the Implementation of Cabotage Law on the Maritime Industry in Nigeria". Afribary, Afribary, 22 Feb. 2021. Web. 22 Nov. 2024. < https://afribary.com/works/the-impact-of-the-implementation-of-cabotage-law-on-the-maritime-industry-in-nigeria >.
Ihemedu, Chidi . "The Impact of the Implementation of Cabotage Law on the Maritime Industry in Nigeria" Afribary (2021). Accessed November 22, 2024. https://afribary.com/works/the-impact-of-the-implementation-of-cabotage-law-on-the-maritime-industry-in-nigeria