ANALYSIS OF THE PERCEIVED OPERATIONAL AND ENVIRONMENTAL SUSTAINABILITY COMPONENTS OF THE LEKKI DEEP SEAPORT
Abstract
The relevance of an efficient port system is a critical determinant of a country’s achievement of the Global Competitiveness Index (GCI), Country and Port Level Liner Shipping Connectivity Index (CPLLSCI), and the Logistics Performance Index (LPI). This research provides an empirical assessment of the newly opened Lekki Deep Sea Port (LDSP), a facility constructed under a Build-Own-Operate-Transfer (BOOT) structure between a Chinese consortium of investors, the Nigeria Port Authority (NPA), and the government. The study examined the perceptions of 192 randomly sampled freight forwarders on how the established independent factors of quality of facilities, cost of operations, and the attention paid to the achievement of Sustainable Development Goal 14 (life below water) predicted their preference for the LDSP. A hierarchical linear regression model was applied to test the derived hypothesis. The results indicate that all the identified independent factors significantly predicted the respondents’ preference for the choice of LDSP. This research underscores the import of a collaborative arrangement between the public and private sectors in the funding, and management of transport projects requiring a huge financial investment. Finally, the study advocates the development of an Integrated Port Management System (IPMS) that will ride on the back of the deployment of automated operation, and Intermodal Transport System (ITS), this will achieve the purpose of having consistent positive indicators such as turnaround time, berth productivity, container dwell time, vessel productivity, port connectivity, safety and security, environmental performance, and resilience a norm rather an exception.
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Published in AFRICAN JOURNAL OF ORGANIZATIONAL PERSPECTIVES AND ECONOMY
ISSN: 988-47877
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