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Tongzon, J. and W. Heng, Port privatization, efficiency and competitiveness: Some empirical evidence from container ports (terminals). Transportation Research Part A: Policy and Practice, 2005. 39(5): p. 405-424.

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Article

Infrastructure Financing and Management: The Impact of Concession on the Operations and Performance of Nigerian Seaports

1Department of Transport Management Technology, Federal University of Technology, Minna, Niger State, Nigeria

2Department of Project Management Technology, Federal University of Technology, Minna, Niger State, Nigeria

3Department of Transport Management Technology, Federal University of Technology, Owerri, Imo State, Nigeria


Journal of Behavioural Economics, Finance, Entrepreneurship, Accounting and Transport. 2015, Vol. 3 No. 2, 65-70
DOI: 10.12691/jbe-3-2-1
Copyright © 2015 Science and Education Publishing

Cite this paper:
Victor Omoke, Ikechukwu A. Diugwu, Obioma R. Nwaogbe, Callistus C. Ibe, David A. Ekpe. Infrastructure Financing and Management: The Impact of Concession on the Operations and Performance of Nigerian Seaports. Journal of Behavioural Economics, Finance, Entrepreneurship, Accounting and Transport. 2015; 3(2):65-70. doi: 10.12691/jbe-3-2-1.

Correspondence to: Victor  Omoke, Department of Transport Management Technology, Federal University of Technology, Minna, Niger State, Nigeria. Email: victor.omoke@futminna.edu.ng

Abstract

This paper study examined the effect of privatization on the performance of Nigerian seaports, using pre- and post-privatization data. A Mann-Whitney Wilcoxon (MWW) test was applied to data (secondary) on two major indices of port operation (average berth occupancy and average turn-around time). The result of the analysis showed that on average, the berth occupancy and turn-around time improved from 51.35% to 72.47% and 8.18 days to 4.83 days respectively. It was also found that at a 0.05 level of significance, the concession of Nigerian ports has significantly improved average berth occupancy and average turnaround time of the vessels calling at Nigerian ports. The study emphasises the need to provide enabling environment through the formulation and implementation of effective policies as a way of ensuring optimal performance of the concession model.

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