Asian Journal of Economics and Empirical Research

Maritime sector of Nigeria is one of the largest administrative agencies in African continent that has greater impacted to Nigerian and West African region economies. The industry expectation if managed very well, will significantly improve the economic development of Nigeria. Several reports in the sector provide evidence of non-performance, low productivity, corruption and non-compliance with the international maritime global best practice. In addition, the sector is marred with the challenges of political, regional instability and pirating within the coastal region. However, significant efforts have been made by the Nigerian government to improve on the sector in order to attract local and global investors in the industry. From the last political and present administration of Nigerian government has provide a good enabling environment for the growth of the industry. However, policy makers and government are expected to do more in the sector for the economic benefits of the country and West African region in general.