International Journal of Multidisciplinary Research and Development

International Journal of Multidisciplinary Research and Development


International Journal of Multidisciplinary Research and Development
International Journal of Multidisciplinary Research and Development
Vol. 8, Issue 11 (2021)

The untapped, huge economic opportunities abound in Nigeria’s inland waterways and it coastal belt


OWOPUTI Adetose Emmanuel

In land waterways navigation have been used since people first sailed up over river estuaries as a means of transporting goods, passengers and services from one place to another. It offers the most economical, efficient, cheaper, safety means in area with water transportation. Water transportation has aid the economic development of many developed nation and sustained their growth. Nigeria has over 853 kilometers of coastline, 460 kilometers inland waterways with a sovereign right to 200 nautical miles exclusive economic zone. In spite of this water transport has a share of 1.5% of Nigeria domestic products.This research examines the Untapped huge economic opportunities resources abound in Nigeria’s inland waterways and its coastal water belt. It examined the contribution of water ways to passenger and freight movement. The impact of waterways to socio- economic development, The develop of small scale industries location along the waterway. Data were collected from both primary and secondary sources. Descriptive and in ferential statistical methods were used. Factor analytical procedure, and regression methods analysis was evaluated in a submit comprising three developed international countries with fully developed inland and coastal waterways for economic, social and industrial development of their nations. Questionnaires were used in all the 36 states in Nigeria, while interviews and community meeting for opinion on the expectation of the developed rivers, inland waterways and coastal system for distribution of goods, services, passengers, commerce trade and exchange of resources for a better life management. Both the information collected from the government Agents and the respond from the field research were used to decide on the effect of neglected water ways transportation in the country and it untapped huge economic opportunities. The finding indicate that there are needs for the following;- Coordination of allocation of resources for the development, Adequacy and efficiency development of resources management. Affordability, Safety and Environmental friendliness system. Market driven transport system operations, Jobs creation opportunities, Commercial activities, Relaxation Centre, Multimodal transportation system, setting up of small scale business Industries.
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How to cite this article:
OWOPUTI Adetose Emmanuel. The untapped, huge economic opportunities abound in Nigeria’s inland waterways and it coastal belt. International Journal of Multidisciplinary Research and Development, Volume 8, Issue 11, 2021, Pages 12-19
International Journal of Multidisciplinary Research and Development International Journal of Multidisciplinary Research and Development