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Maritime industry and it effect on Nigeria’s economy

Maritime industry is a section of functional industry that deals with water commerce ( Movement of good and services across over water).

The maritime industry is divided into various segments, below are these segments.

Cruises and ferries
This section is focus on shipping people. There are a number of special considerations one must make when human beings are your cargo, so cruise ships and ferries fall into their own category.

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Offshore work
Categories which involves drilling of oil in the middle of the sea is often created and mostly falls under offshore work.

Port are the area for either taking off or landing of cargo. This section requires managers , supervisors etc

Cargo shipping
The bulk of the work on ships is on cargo ships like oil tankers and container ships. These ships allow goods to travel from place to place and usually don’t need any special crewmembers to take care of thinks like the comfort of passengers.

Naval ship

Most countries have a Navy, and these fleets help to patrol the waters around their countries, as well as police ports. Lumped in with these protector ships are rescue services and water police, like the coast guard, how help victims in emergencies and help to stop crime on the sea. The naval ship sector is often referred to as maritime security.

Fishing and Ecology.
This section deals with array of activities that bring about the availability of various fish type.

Effect on Nigeria’s economy

According to Olokoba (2006), maritime business has helped the process of diversification of Nigeria’s economy and has continued to provide employment opportunities to Nigerians as crew staff, mariners and dock workers in addition to various practitioners among which are freight forwarders.

Maritime Security
Maritime industry and it effect on Nigeria’s economy

According to Alari Emomoemi Faith,
The Nigerian economy is classified as a mixed economy and the maritime industry of Nigeria is a Major sector of the Nigerian economy putting in consideration that the country’s status is a major oil producing and exporting country. Maritime trade has played a key role in Nigeria’s economic development. It accounts for about 95% of the vehicular means of Nigeria’s International Trade.

The maritime effect brings about;

-Implementation of legislation
-Manpower development
-Development of businesses.

The maritime industry, which has the oil drilling sector as the main source of growth to the Nigeria economy, the oil section is found to contribute about 95% growth to the Nigeria economy.

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