<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The Study examined Port Revenue Performance and Economic Growth: The Nigerian Ports Authority Experience, 2010 to 2019. The objective of this study is to examine the effect of Port Revenue Performance on Nigeria's economic growth by critically evaluating the Nigerian Ports Authority Performance. The neoclassical growth theory was employed in the study and the Nigeria Ports Authority was chosen as its sample, covering the period from 2010 to 2019. The study used secondary time series data sourced from the Nigeria Ports Authority and the National Bureau of Statistics and used the ordinary least square regression and the Engle-Granger co-integration to test the variables at the 5% level of significance. The findings showed that total revenue to gross registered tonnage had positive and significant effect on economic growth while operating surplus to operating revenue showed a negative but significant effect and operating surplus to cargo throughput showed insignificant effect; there was no co-integration between the variables. The study concludes that Port revenue performance affects economic growth in the short-run only, and it recommends amongst others that policy makers should formulate appropriate and implementable regulatory framework that will address infrastructural deficits at the ports and stimulate increased utilization by major foreign vessel companies.</p></abstract>

The Study examined Port Revenue Performance and Economic Growth: The Nigerian Ports Authority Experience, 2010 to 2019. The objective of this study is to examine the effect of Port Revenue Performance on Nigeria's economic growth by critically evaluating the Nigerian Ports Authority Performance. The neoclassical growth theory was employed in the study and the Nigeria Ports Authority was chosen as its sample, covering the period from 2010 to 2019. The study used secondary time series data sourced from the Nigeria Ports Authority and the National Bureau of Statistics and used the ordinary least square regression and the Engle-Granger co-integration to test the variables at the 5% level of significance. The findings showed that total revenue to gross registered tonnage had positive and significant effect on economic growth while operating surplus to operating revenue showed a negative but significant effect and operating surplus to cargo throughput showed insignificant effect; there was no co-integration between the variables. The study concludes that Port revenue performance affects economic growth in the short-run only, and it recommends amongst others that policy makers should formulate appropriate and implementable regulatory framework that will address infrastructural deficits at the ports and stimulate increased utilization by major foreign vessel companies.

Port Revenue Performance and Economic Growth: The Nigerian Ports Authority Experience, 2010-2019

Department of Marine Economics and Finance

LOGI – Scientific Journal on Transport and Logistics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The Study examined Port Revenue Performance and Economic Growth: The Nigerian Ports Authority Experience, 2010 to 2019. The objective of this study is to...

Port Revenue Performance and Economic Growth: The Nigerian Ports Authority Experience, 2010-2019

Published Online: Nov 26, 2020

Page range: 1 - 11

Received: Jul 03, 2020

Accepted: Jul 29, 2020

DOI: https://doi.org/10.2478/logi-2020-0010

Keywords
Revenue generation, ports performance, Nigeria ports authority, cargo tonnage, gross registered tonnage

© 2020 Richard C. Osadume et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Port Revenue Performance and Economic Growth: The Nigerian Ports Authority Experience, 2010-2019

Published Online: Nov 26, 2020

Page range: 1 - 11

Received: Jul 03, 2020

Accepted: Jul 29, 2020

DOI: https://doi.org/10.2478/logi-2020-0010

KeywordsRevenue generation, ports performance, Nigeria ports authority, cargo tonnage, gross registered tonnage

© 2020 Richard C. Osadume et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Revenue generation, ports performance, Nigeria ports authority, cargo tonnage, gross registered tonnage