Examination of the Trend of Port Performance Using the Standard Indexes: A focus of Apapa Port Complex, Lagos, Nigeria

T.C. Nwachukwu¹ , M.S. Stephens² , C.S. Okoli³ , C.U. Akpudo⁴

Section:Research Paper, Product Type: Journal-Paper
Vol.8 , Issue.2 , pp.1-6, Feb-2022

Online published on Feb 28, 2022

Copyright © T.C. Nwachukwu, M.S. Stephens, C.S. Okoli, C.U. Akpudo . This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
 

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Abstract :
This study analyzed the impact of port performance on Nigeria economy, with a s focus on Apapa port Complex. Therefore, the objectives of the study are to examine the trend of port performance using the standard indexes and their relationship to the economic growth of the nation. The data for the study were sourced from Nigerian Ports Authority and Nigerian Shippers’ Council. The study revealed that the percentage contributions of port revenue to GDP was at its highest level of contribution in 2017 at 24.57%. The study shows a steady rise in the contribution per ton of cargo handled to revenue as shown by the trend line for prediction. The slope of the trend line is upward sloping from left to right with occasional peaks at intervals. Such intervals were recorded for 2002, 2008 and 2017. Cargo throughput and tons per ship in port were found to have a positive significant impact on economic growth of the nation while the influences of turnaround time and berth occupancy rate were not significant. The study therefore recommended that vessel gross registered tonnage should be used as the basis for assessing port dues since it has a positive significant impact on Nigerian economy.

Key-Words / Index Term :
Port Performance, Gross Domestic Product, Cargo Throughput, Turnaround Time

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