CONCESSION AND BLUE ECONOMY PERFORMANCE

Abstract

The substantial coastline along the Atlantic Ocean and a rich abundance of marine resources has 
positioned Nigeria for a crucial role in the global blue economy. Despite significant concession efforts to 
drive social benefits, literature inadequately addresses strategic practices using concession to deliver blue 
economy performance in developing nations. This study, underpinned by institutional theory, assessed the 
influence of concession as a strategic tool to enhance blue economy performance of Nigerian ports. Using 
a survey method with 225 valid responses from maritime operators at Lagos Port Complex and Tin Can 
Island Port Terminals, data were analyzed using regression analysis. Findings revealed positive and 
significant influence of concession on blue economy performance, with concession risk allocation 
(β=0.578, p<0.05) making the highest contribution, followed by concession project evaluation (β=0.654, 
p<0.05) and concession risk assessment (β=0.454, p<0.05), while concession policy (β=0.394, p<0.05) 
had the lowest contribution. The study concludes that government agencies like Nigerian Ports Authority 
should strategically employ concession components to enhance blue economy performance. Policy 
recommendations include developing comprehensive risk allocation frameworks and strengthening project 
evaluation mechanisms for sustainable maritime development.