THE IMPORTANCE OF SHIPPING TO THE ECONOMIC DEVELOPMENT OF NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The study investigates the impact of Ocean shipment trade on Nigeria’s economic development, covering the period, 1976-2006. Ocean shipment trade in thousands of tones served as the independent variable in all the three hypothesis defined while, the gross domestic product Nigerian value of external reserve served as the dependent variable.
The three hypotheses were actually tested for the following conclusions to be reached:
1) Shipment export trade has actually exerted a positive effect on the economy as a whole.
2) Shipment Export Trade exerts a significant positive effect on the level external reserve in Nigeria.
3) Akin to the two revelations above, the Shipmen Export Trade exerts a significant effect on the level of Nigeria’s external debt payment, especially for the period under investigation, 1976-2006.
The findings of this study therefore, bring to the limelight the need for the following recommendations:
With the perceived weak institutional setting, there is therefore the need to improve the institutional setting in order to boost external trade contribution to the economic as a whole. Even though Shipment Export has been found to contribute positively to the economy generally, whether in terms of contribution to gross domestic product, external reserve or external debt payment, one is tempted to say that more contributions would have been recorded with strong institutional setting.
Similarly, the poor transparency and corruption that appear to be endemic in our country call for concerted effort to make for an improved performance.
Related Project Materials
THE IMPACT OF PEER INTERACTIONS IN EARLY CHILDHOOD SOCIAL DEVELOPMENT
Abstract: This research investigates the significance of peer interactions in shaping social development out...
IDENTIFICATION OF ENTREPRENEUR’S CHALLENGES IN OPERATING SMALL-SCALE BUSINESS IN ANAMBRA STATE A CASE STUDY OF SELECTED PURE WATER FACTORY IN OKPUNO, AWKA SOUTH
ABSTRACT
Nigeria as a country is driving past the era of having a large number of her citizens employed in the public se...
FIRM ATTRIBUTES AND FINANCIAL INFORMATION QUALITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA
Abstract
This study examines the influence of Firm Attributes on Financial Information Quality of listed Deposit Money B...
ASSESSING THE DYNAMICS OF POLITICS OF OPPOSITION, PARTY IDEOLOGY AND DEMOCRATIC CONSOLIDATION IN NIGERIA: 1999- 2019
ABSTRACT
The study examines the nature of opposition politics and party ideology in Nigeria and their attendant impacts on democratic con...
THE PERCEPTION OF STUDENTS AND TEACHERS TOWARDS THE IMPLEMENTATION OF COMPUTER BASED TEST (CBT) MOSE OF EXAMINATION IN SELECTED HIGHER INSTITUTIONS IN NIGERIA
BACKGROUND TO THE STUDY
During the past few years, technology has significantl...
AN APPRAISAL OF THE ENFORCEMENT OF HUMAN RIGHTS UNDER THE FUNDAMENTAL RIGHTS (ENFORCEMENT PROCEDURE) RULES 2009 IN NIGERIA
ABSTRACT
The Constitution of the Federal Republic of Nigeria 1999 chose certain rights to protect under chapter IV and termed them as Fun...
INFORMATION TECHNOLOGY SYSTEM AND ITS EFFECTS ON THE GROWTH OF SMES IN NIGERIA
BACKGROUND OF THE STUDY
A great number of organizations around the globe are currently utilizing Information and C...
AN APPRAISAL OF STAKEHOLDERS PERCEPTIONS OF THE PERCEIVED ROLES OF ARAB EMBASSIES IN ENHANCING ARABIC EDUCATION IN LAGOS STATE
ABSTRACT
This study provides a detailed appraisal of stakeholders’ perceptions regarding the role...
THE IMPACT OF VIRAL MARKETING ON BRAND PREFERENCE OF HERO LARGER BEER
Abstract
The rapid penetration of the Internet and the prevalence of various social media facilitated b...
RAINFALL PREDICTION FOR MINNA METROPOLIS USING ARTIFICIAL NEURAL NETWORK
ABSTRACT
The effect of rainfall in our society today is stupendous. Rainfall is seen as a benefit to crops and lives. Accurate and timely...
