Evaluation of the Cabotage Act Implementation in the Nigerian Maritime Industry

O.E. Aguda¹ , M.S. Stephens² , P.U. Ofohaorji³

Section:Research Paper, Product Type: Journal-Paper
Vol.8 , Issue.2 , pp.7-15, Feb-2022

Online published on Feb 28, 2022

Copyright © O.E. Aguda, M.S. Stephens, P.U. Ofohaorji . 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 :
The maritime industry of any country is recognized as the orbit around which the economic development of that country revolves. Due to this fact, most maritime nations are quick to draft policies that assure protection from exploitation and dominance by foreigners. This study evaluates the implementation of Cabotage Act in the Nigerian Maritime Industry. Thus, the object of the study is to estimate the percentage share of the coastal and inland traffic carried by Nigerian flagged vessels; evaluate the percentage of labour engage in coastal and inland shipping that are Nigerians; and assess the percentage share of vessels involved in coastal and inland shipping that are made in Nigeria. The study relied on secondary data that were sourced from NIMASA. The data obtained were statistically analysed and presented using descriptive method of analysis. The findings revealed that there has not been much improvement in the fortunes of indigenous shippers in the country. The study is of the view that if Cabotage law is properly implemented, Nigeria will be able to maintain jobs and skills in an industry that is vital to its future.

Key-Words / Index Term :
Economic, Development, Exploitation, Cabotage, Implementation, Dominance, Maritime

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