A LEGAL EXAMINATION OF THE SETBACKS IN THE NIGERIAN MARITIME INDUSTRY AND THEIR POSSIBLE SOLUTIONS

Abstract

Nigeria, the most populous black country has a coastline of approximately eight hundred and fifty-three kilometres. This country has vast resources and is bordered to the North by the Republic of Niger, to the south by Gulf of Guniea (part of the Atlantic Ocean), to the West by Benin and the East by Republic of Cameroon and Chad. Since the dawn of humanity, the sea has been a source of sustenance, providing food and avenues of trade. The search for natural resources and wealth resulted in the establishment of the maritime industry that would continue in some form or another until the present. The maritime industry constitutes a vital sector of the economy of this great nation. The work adopted the doctrinal research methodology and relied heavily on library-based material and internet materials. The aim of the work is to appraise the setbacks in the Nigerian maritime industry with the objective of showing how these setbacks have crippled the growth and performance of the Nigerian maritime industry. This work found that there are many challenges that must be solved and taken into consideration because the maritime industry plays a vital role in the economy and growth of the Nation.