THE ROLE OF MARITIME SECTOR TO NATIONAL DEVELOPMENT

GENERAL INTRODUCTION Maritimes Sector a Strategic Economic Importance to National Development The maritime sector is of critical significance to any economy. It is the main means for transporting goods internationally, and many nations rely on their ports as a major source of revenue. The maritime industry, which is a subsector of the transport sector, globally accounts for over 70 of transportation requirement of the world.Maritime activities are expanding bringing benefits to people across the world. The merchant navy, offshore oil subsector, commercial fishery and cruise companies have added impetus to the growth in the industry. The sector is a major catalyst for socio-economic development and international competitiveness in a changing world.The maritime industry is of huge importance in terms of natural resources and energy, trade and industry, as well as sciences and leisure activities. It is an essential part of trade which demands innovative solutions and careful management systems to ensure its long-term sustainability. It is difficult to quantify the total value of the worlds maritime industry, and the economic relevance of a sector that affects a wide range of aspects of modern societies and their development. Nigerian ports constitute the mainframe of the maritime sector of the nations economy, and a number of them have been responsible for the growth of certain cities and large commercial centres in Nigeria, and consequently national development. However, prior to concession, NPA was unable to perform the statutory functions it was established to carry out efficiently. This led to the port reform programmes which culminated in the privatization of the ports, with the aim of increasing efficiency and improving service delivery. Nigerias International Trade Nigeria as a nation is endowed with a vast coastline as well as navigable inland waterways and is strategically placed on the Atlantic Coast of West Africa. However, 76 of shipping business that

References: Felix Nwaner Nigeria Maritime factor-still Unfulfilled Expectations Despite Reform, 2007. Dr. George M. Eneh Investment and Trade Opportunities A sector Approach (MARITIME) 2005 EmekaOkoroanyanwu Harnessing Business Opportunity in Maritime Transport, 2007. BIBLOGRAPHY Amin, M.E (2004), Statistical Inference for Social Science Research, Kampala, Makerere University Press. Anonymous Cart Before The Horse2007. David Ogah NPA may Regain Old Status as Certral Ports Admin Body 2007. David ogah Government Divides NPA in to two Autonomous Entities 2006. Dr. George M. Eneh Investment and Trade Opportunities A sector Approach (MARITIME) 2005 EmekaOkoroanyanwu Harnessing Business Opportunity in Maritime Transport, 2007. Felix Nwaner Nigeria Maritime factor-still Unfulfilled Expectations Despite Reform, 2007. JumokeAkinjide BalogunMaking Waves in Nigeria. Khan, Martin A. (1992) Research Methodology for Business and Social Problems, University Grants Commission sector H/9 Islamabad. LamiTumak Strengthening Bank Maritime Relation 2006 FunkeAgbor Wearing Shades in Nigeria 2000. Dr. Bola Fajemirokun New Maritime Regulatory Statutes A paper delivered at Maritime Seminar for judges 2006. Proshanto K Mukherjee The ISM code, The ISPS CODE and the SUA Convention in perspective A Paper Presented at Maritime Seminar for judges 2006. . ( Storey, William Kelleher.Writing History A guide for Students. New York, NY Oxford University Press, 1999, p.18). Francis Ezem new act empower NIMASA to Expel Registered vessels 2007. Muyiwa Dare The NIMASA Initiative to Reposition Shipping Sector Stories, 2007. Nazery Khalid Maritime Economic Activities Planning Towards Sustainable Development, 2005. Ndagi, J.O (1999) Esseatial of Research Methodology for Educators, University press Plc, Ibadan, Nigeria. (Primary Sources at YaleHYPERLINK http//www.yale.edu/collections_collaborative/primarysources/primarysources.htmlhttp//www.yale.edu/collections_collaborative/primarysources/primarysources.html See more at HYPERLINK http//www.myfinancialintelligence.com/transport/maritimeE28099s-strategic-economic-importance l sthash.QWSUB4lo.dpufhttp//www.myfinancialintelligence.com/transport/maritimeE28099s-strategic-economic-importancesthash.QWSUB4lo.dpuf See more at http//businessandmaritimewestafrica.com/shipping-development/importance-of-seaports-to-the-national-economysthash.7EcqjcYA.dpuf PAGE MERGEFORMAT 7 Y, dXiJ(x( I_TS 1EZBmU/xYy5g/GMGeD3Vqq8K)fw9 xrxwrTZaGy8IjbRcXI u3KGnD1NIBs RuKV.ELM2fi V vlu8zH (W )6-rCSj id DAIqbJx6kASht(QpmcaSlXP1Mh9MVdDAaVBfJP8 AVf 6Q