PORT PRIVATIZATION, EFFICIENCY AND COMPETITIVENESS
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ABSTRACT
This study was carried out to examine port privatization, efficiency and competitiveness using Grimaldi Shipping Line, Apapa Lagos as a case study. Specifically, the study aimed at ascertaining if port privatization has any positive effect on port efficiency and competitiveness. The study employed the survey descriptive research design. A total of 50 responses were validated from the survey. From the responses obtained and analysed, the findings revealed that port privatization has a positive effect on port efficiency and competitiveness. This is as the Pearson correlation test showed a positive significant relationship (.922**) between port privatization and port efficiency. The study recommend government to encourage more on privatization of sea ports terminals and grand license to capable companies and individuals since it has been proven that privatization increases the level of efficiency and competition in maritime trade.
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