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Impact of Piracy and Sea Robberies on Fishing Business in Nigeria: A Focus on Lagos Coastal Area

Author

Listed:
  • Abdullahi Saheed USMAN

    (College of Management Sciences Bells University of Technology)

  • Oluwaseyi Joseph AFOLABI

    (College of Management Sciences Bells University of Technology)

  • Casmier Friday NWOYE

    (College of Management Sciences Bells University of Technology)

Abstract

Nigeria as a littoral state with a coastline of slightly above 800 kilometers and located in the Gulf of Guinea (GoG) region puts the government in a position that requires her to deploy resources to combat the menace of piracy and sea robbery. Pirate activities affected not only the maritime transport sector, but the other forms of maritime economic activities. The study revealed that the inability of government to effectively curb activities of these criminals was to some extent influenced by corruption, poverty and inequality in the society. The research confirmed negative effects of piracy on sea businesses, particularly fishing activities, which was the crux of this investigation. The study recommend, amongst others, the Nigerian government should evolve sound resource management and equitable allocative practices to leverage the enormous natural resources and oil affluence to effectively address the cacophony of economic afflictions and legal framework should be revisited, reviewed, reformed and harmonised.

Suggested Citation

  • Abdullahi Saheed USMAN & Oluwaseyi Joseph AFOLABI & Casmier Friday NWOYE, 2019. "Impact of Piracy and Sea Robberies on Fishing Business in Nigeria: A Focus on Lagos Coastal Area," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 20(4), pages 396-408, October.
    • Handle: RePEc:rom:rmcimn:v:20:y:2019:i:4:p:396-408
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    More about this item

    Keywords

    Maritime; Piracy; Fishing; Trawling; Coastal Areas.;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
    • R50 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - General
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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