TO GET THE COMPLETE JOURNAL/THESIS FOR TOPIC BELOW,

CALL: 08168759420, 08068231953

WHATSAPP: 08137701720

SEAPORT DEVELOPMENT AS AN AGENTS FOR ECONOMIC GROWTH AND INTERNATIONAL TRANSPORTATION

ABSTRACT: Seaport remains the most feasible for the activities of terminals, where  loading  and off-loading of water vehicles,  vessel, ships, ferries  and  all  activities  to  ensure that  what  comes  in or go out  are checked  to  meet  the  national  and  international rules  and  regulation  guiding  port  activities.  It  is  also a point  of revenue generation  and tax  payment  on  goods  and  service  rendered. The   need for a seaport/ terminal  is of  economic  functioning  and technological  movement  and  transfer  of  goods  and  services, with modern  technology  equipment  and  professional  managerial  ability.  This has  strong  impact  on  the  building or  construction  of  seaport  for  economic  development  and  international  trade.    The type of port, size and infrastructures available, and it location, have great impact on it operations.   Water transportation has the capacity to carry the heaviest load than any mode of transportation.   These made  it  necessary for  the construction  of  a  sea-port to be technically  structured in a  way to meet the demand  of  International Maritime  Organization (IMO)  rules  and  regulations. The economics  and  international  traders  have  argued  in  favour  of  seaport  for exchange  of  goods  at  international  trade  as  its  relates  to  global  and  domestic  economic growth  and  development.  There are many allied activities of economic impact at sea- ports and on it environment and the its Communities.  This confirmed that positive relationship exist between global trade, port activities, economic growth and development.  Seaport development unlock many investment potentials and commercial opportunities to emerge.  We use time series data,   and International Ports Reports.  The Johansen’s co-integration test was also conducted to establish relationships between the two variables.  We also used Questionnaire and group meeting with the operators, users, and port authority.  The results shows that positive development, economic, commercial activities, business, employments, revenue generation, tax, increase in trade and distribution activities occur through seaport development.  This shows that. there is need for new seaport  development in  the  Southern coastline  of  Nigeria,  around  Olokola  area   between  Ondo and Ogun  State. in order to enhance  more economic benefits growth and development in international trade  and chain supply economic  comparative advantage  while  the  other  seaport  should  be up-graded  to  a  standard  seaport  for  greater  development  within  the  national increase  valve  of   life.

KEYWORDS: seaport; investment opportunities; economic growth; global transportation; national development.

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *