ANALYSIS OF THE FUNDING OF MARITIME TRANSPORT DEVELOPMENT AND ITS EFFECT ON ECONOMIC WELFARE OF THE PEOPLE OF BAYELSA, NIGERIA

AUTHOR:ELEI, GREEN IGBOGI (MSc)

DEPARTMENT: TRANSPORT MANAGEMENT TECHNOLOGY

AFFILIATION: FEDERAL UNIVERSITY OF TECHNOLOGY, OWERRI,

Maritime transport involves the conveyance of people and/or goods by any form of watercraft from one terminal to another. Maritime transport in this context refers to inland water transportation. The problem with inland water transportation in Bayelsa State is poor infrastructure. The aim of this work is to assess the funding of maritime transport development and its impact on Bayelsan populace. Data were collected through primary and secondary sources and analyzed using the regression statistic. Three hypotheses were formed and tested. The work was further analyzed using demand and supply of marine transport infrastructure such as boats, pontoons, bridges, jetties, etc. The researcher also identified poor maintenance of marine transport infrastructure, natural forces (such as storms, corrosion, erosion, flood, siltation), militancy and piracy as the bane of the growth of the marine transport in the state. Furthermore, the capital intensiveness of the marine transport business does not allow for free entry. Funding was not optional for overall development of the state. The findings of this study established the role of marine transport as an economic fulcrum for welfare economics in Bayelsa State. We recommend that constant dredging of the inland waterways, provision of maps and marine traffic instruments, training of marine engineers and craftsmen and the establishment of river-crafts/boat building companies should be prioritized by the government.

TO VIEW THE FULL CONTENT OF THIS RESOURCE, PLEASE VISIT THE FUTO LIBRARY

Advertisements

About FUTOLibrary

This is the site which is used to showcase the resources, operations and services of the University Library of the premier university of Technology in Nigeria. We have so much indigenous resources which people may wish to look at and use .
This entry was posted in School of Environmental Technology SOET, School of Management Technology SMAT, The Library and tagged , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s