The appraisal of the impact of concessioning on Nigerian ports.

Abstract

Despite the numerous benefits that can accrue from effective management of seaports and maritime industry in Nigeria, the issue of mismanagement, bureaucracy and under-utilization of scarce resources has led to huge wastage of resources and man-power potentials which gave the government no other option but to pursue the concessioning of the nation seaports. This paper however aims at appraising the impact of concessioning of the seaports in Nigeria with particular reference to the Lagos ports. The method of investigation for this study is essentially both descriptive and analytical in nature and therefore relies heavily on observatory method and the company annual report and accounts and as well complemented by desk research. Furthermore some write up on the companies in the newspapers, newsmagazines and seminar papers were considered. In conclusion, it was observed that the concessioning has been justified since it brought upliftment to the seaports and maritime industry in all ramifications.