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THE IMPACT OF THE LOGISTICS INDUSTRY ON NIGERIA'S ECONOMIC GROWTH (A CASE STUDY OF THE MARITIME INDUSTRY)

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  • 1-5 Chapters
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  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 5000

Abstract   

The most significant elements that enable us to understand economic growth and development levels of nations are economic indicators of the country of interest. As much as these indicators have  positive  and high  values,  they affect  the  economic,  social, psychological  and  cultural texture of the nation positively. These effects increase the culture, living and welfare levels of the individuals in the society. Logistics is one of the tools that play an important role in the change and improvement of economic indicators. Logistics industry provides significant macro contributions to  national economy by creating employment, and creating national income and foreign investment influx. On the micro scale, logistics industry is a key industry in increasing the  competitive  power of  corporations.  Furthermore, the  logistics  industry has  an  important mission in revitalizing and improvement of the competitiveness of other  industries. Today, all industries are  dependent on logistics sector. The present study aimed to investigate how the logistics variables of transportation and communication affected economic growth in Nigeria.  The  effect  of  both  transportation  industry  variables  and  communication  industry variables that form the logistics industry on the increase in per capita income. 




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