Nigerian Ports Authority and Nigeria’s Economic Security.

Description

– Nigerian Ports Authority and Nigeria’s Economic Security –

Download Nigerian Ports Authority and Nigeria’s Economic Security. Students who are writing their projects can get this material to aid their research work.

Introduction

1.1 Background of the Study

The Nigerian Port Authority was established as an autonomous public corporation by the Port Act of 1954, and commended full operations on April 1, 1955. The Nigerian Ports Authority was created as the only constitution body charged with control and management of Nigeria’s Ports.

Its main statutory functions as set out in the 1954 Act were the provision and operation of handling quay facilities as may appear to the port to best serve the public interest, in all Nigerian ports, maintaining, improving and regulating the harbors and approaching in all the port of Nigeria open to ocean going vessel.

After independence in 1960, the fist major reform effort in Nigeria ports Authority history was in 1986 when the military president, General Ibrahim Babangida, launched his government Structural Adjustment Programmme (SAP), which was designed to deal with underlying imbalances in the country’s economy.

SAP was thus partly a departure from government control of economy to the privatization and commercialization of the state parastals, thus, the NPA was put forward for privatization and commercialization by Technical Committee on Privatization and commercialization (TCPC).

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