A Review of economic potentials of the river port of Onitsha
Date
2015-02
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Federal University of Technology, Owerri
Abstract
Inland waterways are one sector of transportation that has been grossly underutilized the world over, despite being one of the earliest form of transportation and facilitator of trade
between people. This study aims to review the economic potentials of the Onitsha inland river port. The study adopted a mixed method research design as data were sourced from the secondary source (NIWA, NPA statistical bulletins & journals) and primary source using a well-structured likert modelled questionnaires administered to about 50 respondents. The data gathered were subjected to analysis using tools such as Analytical hierarchy process (AHP), Time series modeller and Trend analysis with the aid of AHP calculator and IBM Statistics Package for Social Scientists (SPSS V21) computer software. The findings depicts that the volume of import cargos from seaports destined for the southeast states which forms the hinterland for the river port shows a significant positive trend estimated by the linear regression line Y = 14075X – 18057. The time series modeller used to analyze the cargo trend series shows an acceptable value of R-squared and stationary R-squared of 72.3% and a mean average percentage error of 50.066%, indicating that the present are approximately 50% short of predicted volume by trend. The AHP results indicate that inland waterways (0.5276), road (trucking) (0.2527) and air (0.2197) in that order are the preferred mode of freight movement for logistics operators in the south east if presented with alternatives. The following factors in descending order forms the basis of their choice of freight means; safety (0.6026), timeliness (0.1822), costs (0.1174), efficiency (0.0691) and carrying capacity (0.0286). In conclusion, the southeast bound import cargoes from the seaports can well serve the Onitsha river port and are even short of their projected volume for the time period under study. It was recommended that the government should ensure continuous dredging of inland waterways and river banks to ensure all round navigability of the waterways. Government or future concessionaires of Onitsha river port should ensure installation of handling and storage facilities for bulk agricultural products like grain storage silos, pumps and tanks for vegetable oil, etc. to ensure the river port is capable of handling shipments of bulk agricultural products.
Description
The master thesis contains tables and figures
Keywords
Safety, inland waterways, river port, trend analysis, time series modeller, hinterland, Department of Maritime Management Technology
Citation
Okonkwo, C. (2015 ). A Review of economic potentials of the river port of Onitsha (Unpublished Master's Thesis). Federal University of Technology, Owerri, Nigeria