Browsing by Author "Igboanusi, Chinemerem C"
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Item Open Access Cabotage implementation in Nigeria: Analysis for improving coastal shipping business opportunities for local and joint venture operators(Exclusive Journal Publishing House, 2016-01) Nwokedi, Theophilus C.; Igboanusi, Chinemerem CThe year 2013 marked a decade of the implementation of cabotage law in Nigeria. This study analyzed the implementation of the policy over the 10 years period from 2004 to 2013. The aim of the study is to assess how the implementation of the policy has affected indigenous and foreign coastal shipping firms and how to use the policy to increase coastal shipping business opportunities for local ship operators. Data on number of cabotage vessels chartered from local and foreign shipping operators, their charter fees for each year covered the study were obtained. Assuming equal charter rate for cabotage vessels of local and foreign operators chartered in each year covered by the study, the research estimated the earned by each class of operator from charter fees. The difference of means statistical method was used to analyze the data on number of local and foreign ship operators vessels charter over the period and revenue earned from cabotage vessel. T-test was used to test each null hypothesis. Both null hypotheses H0A and H0B were rejected for the alternate hypotheses. The research found that Non-Nigerian (foreign) ship operators have earned more revenue and supplied more vessels to coastal shipping operations in Nigeria. It was recommended that the cabotage policy be amended remove the provision for waiver option to foreign vessel and encourage joint venture arrangement between local and foreign firms.