Nigeria’s Maritime sector is a neglected gold mine. It is capable of becoming a key engine of economic growth and sustainable development, if enhancive strategies are implemented for optimum efficiency. Nigeria’s maritime sector performance for 2019, like the global maritime business in the evidently points to the negative. However, factors that led the local maritime downward are different from factors that negatively affected global maritime sector. This paper will assess the technologies advancement; automation and digitalisation of Nigeria maritime sector to ensure it attain global best practices recommended by International Maritime Organisation (IMO) and United Nations Conference on Trade and Development (UNCTAD). Currently, technological advancement is bringing its transformative advantages to the maritime ports and shipping space. In the industry known for complex issues, large scale, and a need for firm reliability, digital technologies that create new opportunities for better optimization, automation, and profitability. The study will also analyse maritime performance indicators which includes performance measurement, direct shipping connectivity, port improved management and environmental factor. Performance indicators are systematic tools that determine nature and critical issues that confront shipping industry and ports, help evaluate the possible impact of another policy decision. The challenges, prospects and sustainability of maritime sector in Nigeria over the years will be properly reviewed. The maritime future poses numerous challenges, but also erupt numerous opportunities. Global trade is expanding, Ports and shipping as its workhorse are undergoing transformation and facing massive challenges in maintaining competitiveness. Theories, analyses supporting statistical data, and related information from other relevant institutions and agencies, served as the framework of the study. The result of the study is expected to contribute in economic growth and sustainable development of the maritime sector. JEL: R40; R42; L20 <p> </p><p><strong> Article visualizations:</strong></p><p><img src="/-counters-/edu_01/0774/a.php" alt="Hit counter" /></p>
Maritime transport is the foundation of global supply chain connections and economic development with shipping and ports estimated to manage more than 80 per cent of world merchandise trade by volume and over 90 per cent by value, according to United Nation Conference on Trade and Development (UNCTAD) 2020. Consequently, when severed covid-19 pandemic occur, there are absolute disruption of transport networks and supply chain which hugely undermined international trade and economic activity. The covid-19 pandemic activates health and economic crisis with extensive consequences for maritime transport and trade. Restrictions imposed in response to the covid-19 pandemic have triggered disruptions affecting economic activity and trade in maritime sector which includes ports operations, shipping and supply chains. The strategic measures taken to control the spread of the corona virus disease and slowdown of economic activity and trade have significantly affect the maritime sector both locally and globally. Thus, the study assesses the impacts of covid-19 pandemic in business operations of Nigeria maritime sector. Hence, this study analyzes the sustainable response to get back to business fully in Nigeria maritime trade. This study was performed by reviewing the available published literatures, case studies, and various government and non-government agencies/organizations from reports and official websites, served as the frameworks of the study. From huge compilation of relevant studies, presentation of data and information which is vital to maritime business challenges of covid-19 pandemic and potential strategies of sustainability and meet study objectives. JEL: R40; R42; L20 <p> </p><p><strong> Article visualizations:</strong></p><p><img src="/-counters-/edu_01/0720/a.php" alt="Hit counter" /></p>
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