CABOTAGE ACT AND ITS IMPACT ON LOCAL CAPACITY DEVELOPMENT
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
In 2003 the cabotage law was enacted with provisions to empower local investors to take control of the domestic shipping trade and from it develop enough muscle to assume the right of place for Nigeria as a maritime nation in the movement of her import/export cargoes including crude oil to and from international markets. The implementation/enforcement of the provisions of the Act needs to be constantly monitored to ensure that the goals and objectives of the law are pursued with vigor and accomplished. Thus, the object of the study is to verify the alleged unabated dominance of the coastal services by foreign flag operators; the impact on the Cabotage Act 2003 on local capacity development in terms of tonnage, human resources and cargo support. The research made effort to highlight people’s views that are relevant to the study and this formed the literature review. The major instrument used for the study is a set of questionnaires served on a population of 55 industry stakeholders out of which 27 responded. The data obtained were statistically analysed with the chi-square model and pie chart for presentation as explanatory model. The findings of the study revealed factors hindering the achievement of the objectives of the Acts such as lack of funds, failure on the part of NIMASA to process the applications for the cabotage vessel finance fund loan for tonnage expansion; lack of commitment by NAPPIMS and PPMC to guarantee cargo support to indigenous operators; NIMASA lukewarm attitude in enforcing the provisions of the Act. The study also noted that most of the cabotage vessels operated by most indigenous shipping companies are below specified standards and are un- seaworthy. Also it was noted that there was a growing lack of seafarers particularly qualified and certified marine engineers and navigators to operate the few available cabotage vessels. The study recommended strategies to enhance indigenous participation and reduce the foreign dominance. For example, NMASA is urged to make the cabotage vessel finance Fund/loan facility accessible to local operators for fleet expansion and to make solid arrangements for cadet-ship sea-training to enhance proficiency and avoid importation of manpower. PPMC and NAPPIMS should guarantee long time charter of the fleet as a kind of incentive against idle moment. On the other hand local operators should try to present standard and seaworthy vessels for optimal cabotage operations and clean sea assurances.
Related Project Materials
CONSTRUCTION OF CELLOPHANE SEALING MACHINE
ABSTRACT
The construction of the cellophane sealing machine was carried out. The...
EXTERNAL DEBT BURDEN AND THE ECONOMIC GROWTH IN NIGERIA
ABSTRACT
This study examines the external debt burden and the economic growth in Nigeria. Data for the study are collect...
INFLUENCE OF PEER PRESSURE AND TIME MANAGEMENT ON ACADEMIC PERFORMANCE OF IN-SCHOOL ADOLESCENTS IN OREDO LOCAL GOVERNMENT AREA, BENIN CITY
BACKGROUND OF THE STUDY
As children grow and develop, profound physical changes occur. These changes us...
impact of the THE FAST AND THE FURIOUS (ACTION FILM) ON THE SOCIAL BEHAVIORAL PATTERN OF STUDENTS OF NNAMDI AZIKIWE UNIVERSITY
Abstract
The aim of this study is to analyze the impact of the „The Fast and the Furious‟ (action film) on the social behavioural p...
CORPORATE SOCIAL RESPONSIBILITY AND SOCIAL ECONOMIC DEVELOPMENT USING BANKING AND TELECOMMUNICATION INDUSTRIES
ABSTRACT
In the Nigerian society, Corporate Social Responsibilities [CSR] has been a highly contemporar...
IMPACT OF LIQUIDITY MANAGEMENT ON THE FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA
ABSTRACT
The study examined the impact of liquidity management on the financial performance of commerci...
THE INFLUENCE OF FAMILY BACKGROUND ON THE ACADEMIC PERFORMANCE OF PHYSICS STUDENTS
ABSTRACT
The study examined the influence of family background on the academic performance of senior se...
CAREER PROGRESSION, WORK MOTIVATION AND LEADERSHIP STYLES AS FACTORS AFFECTING JOB SATISFACTION OF LIBRARY PERSONNEL IN THE FEDERAL CIVIL SERVICE OF NIGERIA
ABSTRACT
Library personnel are at the centre of information provision in the Federal Civil Service of Nigeria for policy formulation and...
IMPACT OF AGRICULTURAL OUTPUT ON NIGERIAN ECONOMY
Background of the study
One of the important objectives of macroeconomic policy in has been the rapid economic growth of...
THE DESIGN AND IMPLEMENTATION OF STUDENT ACCOMMODATION (BENCHMARK STUDENT PAD) APPLICATION
This project is aimed at developing a web application for student accommodation. It...
