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- W3124164711 abstract "It is imperative to explore avenues that exert impact on the citizenry of Nigeria Vis-a-vis an improvementmaterial per capita income, hence, improved material income and standard of living. Shipping as a capitaland/or Inland water trade has tremendous impact on the nation’s economy of which the study is aimed atexploring through cargo reservation, transportation and haulage of wet and dry cargo within and outsidethe Nigerian waterways. The study will invariably invoke, recreate and set in motion the impact andeconomic opportunities of the Nigerian shipping sector for possible investment by public or private sector,or a combination. The investment climate in Nigerian Shipping Industry is guided by the current Nationaleconomic development policy which is aimed at promoting strong private sector driven industry withgovernment as the enabler. Nigeria looses a lot of revenue due largely to lack of cargo carrying capacity ofNigerian fleet. Example, the liquefied natural gas (LNG), liquefied petroleum gas (LPG), iron ore, and otherbulk cargo is mostly carried by foreign ships. Nigeria cannot afford to toy with the maritime sector due tothe linkages between shipping activities and economic development as it is a primary logistic provider.There are opportunities for investment in dry bulk, tankers, liner/container, coastal cruise services, andoffshore services if properly harnessed. With Nigeria as a flag state, proper funding and good managementwill attract foreign ships for registration. Nigerian oil and gas is useless and valueless without shipping. Oiland gas are like Siamese twins. Shipping facilitates movement of oil and gas from point of production topoint of need locally and internationally." @default.
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- W3124164711 date "2012-10-01" @default.
- W3124164711 modified "2023-09-23" @default.
- W3124164711 title "Impact of Shipping on Nigerian Economy: Implications for Sustainable Development" @default.
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