Port operation's efficiency and revenue generation in global maritime trade: implications for national growth and development in Nigeria

University Ovuokeroye Edih, Nyanayon Faghawari and Dbright Okiemute Agboro

Journal of Money and Business, 2023, vol. 3, issue 2, 184-196

Abstract: Purpose - It has been argued that a mono product economy experiences epileptic growth because it is prone to global dynamics such as epidemic. Therefore, the need to diversify investments cannot be over-emphasized. Hence, the study examined port operation's efficiency and revenue generation in global maritime trade: implications for national growth and development in Nigeria. The objectives of the study are to identify the factors that improve efficiency in port operations, and to ascertain how efficiency of operations will affect revenue generation and national growth. Design/methodology/approach - The study employed correlation and multiple regressions analyses to test the hypothesis which states that port operation's efficiency does not have positive and significant effect on revenue generation in Nigeria. A cross sectional research design and structured questionnaires were deployed in the study and simple random sampling technique was used to select the sample size of 200 respondents. Findings - Results revealed that efficient port operations affect revenue generation and national development. Research limitations/implications - Port operations in Nigeria are bedeviled with daunting challenges that hamper smooth and efficient working port's system. Originality/value - The study suggested that modern port's technologies (ICTs) be deployed to enhance operations in the ports and manpower should be trained on regular intervals to understand modern logistics management techniques in the ports. Third, government should provide port infrastructures being the backbone of efficient port system. Lastly, the private sector should be partnered with in several areas including port's concession to facilitate effective and efficient service delivery in the Nigerian ports.

Keywords: Port operation efficiency; Revenue generation; National growth; Development; Nigeria (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:jmbpps:jmb-09-2022-0047

DOI: 10.1108/JMB-09-2022-0047

Access Statistics for this article

Journal of Money and Business is currently edited by Professor Abderrazak Laghouag

More articles in Journal of Money and Business from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().