The Impact of Piracy on Economic Prosperity in Niger Delta Region of Nigeria

International Journal of Research and Innovation in Social Science (IJRISS) | Volume IV, Issue II, February 2020 | ISSN 2454–6186

The Impact of Piracy on Economic Prosperity in Niger Delta Region of Nigeria

Nwachukwu, Precious Ikechukwu¹, Obasi, E. Ifeyinwa², Akpuh, D. Chioma³, Olaiya, S. Babayemi^4
1Lecturer, Department Of Petroleum Marketing And Business Studies, Federal Polytechnics Of Oil And Gas Bonny, Nigeria
²Admin Officer, School Of General Studies, Federal Polytechnics Of Oil And Gas Bonny, Nigeria
³Lecturer, Department Of Mechanical Engineering, Federal Polytechnics Of Oil And Gas Bonny, Nigeria
⁴Lecturer, Department Of Computer Science Federal Polytechnics Of Oil And Gas Bonny, Nigeria

Abstract: – This study examines the relationship between piracy and economic prosperity in Niger Delta area of Nigeria. The study utilized a structured questionnaire to obtain data from 186 resident of Niger delta region. Statistical package for social sciences (SPSS) version 23.0 was employed for data analysis. The study made use of description analysis to analyze the demographic characteristics of the respondents while regression analysis was used to analyze the hypotheses earlier stated. The result of the study indicates that piracy has significant effect on economic prosperity of Niger delta region. The three measures of economic prosperity (economic development , sea transportation performance and job creation) as was used in the study were found to be influenced by pirate activities .The region can enjoy economic prosperity by holistically approaching piracy with drastic measure which aim at eradicating all form of it. The study concludes that piracy is a plaque and must be eradicated at all cost to ensure economic development . Piracy can control, influence, impact and affect economic prosperity. It was further concluded also that the region can only thrive economically when attention is been given to the causes of the situation and much effort are channelized towards its eradication. The following among others were recommended, government should see to the activities of oil producing firms and others within the region to ensure that they carry out their social responsibility to their host communities and also a reformation and review of maritime policies.

Key words: piracy, economic development, job creation, transportation

I. BACKGROUND TO THE STUDY

Generally in the world, security has been a global concern especially in the maritime sector as it affects the functionality of the world economy. Piracy without a doubt is one of the most challenging factors that have bedeviled sea transportation along water ways especially in the Niger delta region. Piracy which is considered anti social activities has over the year truncated not only the peaceful coexistence of the region but also have slow the pace of prosperity within the region.

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