Shipping Operations and Economic Growth in Nigeria Pre And Post Military Era [1988-2016].
Vol.5 Issue 1
The purpose of this study was to investigate shipping operations and economic growth in Nigeria (1988-2016). The research design adopted in this study is the ex-post facto. The data used were obtained from secondary sources. Secondary sources used include journals, project materials, books, internet materials, etc. The population of the study comprised of all the data collected on export trade, import trade, Gross Domestic Product and Per Capita income between1988-2016. No sampling technique was adopted since all the data collected were used. Two research questions were presented in the study, while four hypotheses were formulated. The reliability of the instrument showed that the data collected were consistent over time: both data collected from Central Bank of Nigeria and National Bureau of statistics were in agreement. Face and content validity of the instrument was also established by the research supervisor and other expert in the field of measurement and evaluation from the Rivers state university and the University of Port Harcourt. The hypotheses were tested at a significance level of 0.05 using the Multiple linear regression analytical tool in SPSS version 21. Results derived revealed that: (i) There is a strong positive correlation between export and Gross Domestic Product growth; There is a strong positive correlation between export and Per Capital Income growth; There is a very strong positive correlation between import trade and Gross Domestic Product growth; There is a strong positive correlation between import and Per Capital Income growth. Based on the findings of the study, it was recommended that: Emphasis should be given to shipping operations in Nigeria through increasing her export base as well promoting essential importations.
