Sea Piracy and Maritime Assets Development in Nigerian Port Authority, Rivers State, Nigeria.
Vol.6 Special Issue
This study investigated the impact of security risk of business operations on maritime assets development in Rivers State. The study was guided by six objectives, six research questions and six null hypotheses. A descriptive research design was adopted for the study. The population of the study consisted of 839 senior and junior staff of Rivers Port, and Onne Port. Stratified sampling method was used to select 271 samples for the study. A validated structured questionnaire titled Security Risk and Maritime Asset Development Questionnaire (SRMADQ) was used to collect data for the study with a reliability coefficient of 0.79. Mean score and standard deviation were used to answer the research questions, while independent t-test was used to test the null hypotheses at the 0.05 level of significance. Findings from this study among others showed that sea piracy had high level of negative impact on maritime port facilities development in Rivers State, and sea robbery had high level of negative impact on maritime port facilities development in Rivers State. The tested hypotheses among others revealed that there was no significant difference in the response from staff of Rivers and Onne port on the impact of sea piracy on maritime port facilities development in Rivers State, and there was no significant difference in the response from staff of Rivers and Onne port on e the impact of sea robbery on maritime port facilities development in Rivers State. Based on the findings of the study, it was the recommendation among others that to mitigate the impact of sea piracy on business operations in Nigeria and its resultant impact on maritime port facilities development in Rivers State; port authorities should avoid discussing and disclosing ship or cargo route while in Port, and to mitigate the impact of sea robbery on business operations in Nigeria and its resultant impact on maritime port facilities development in Rivers State; harbor pilot should keep constant watch in areas prone to piracy.
