BLUE ENTREPRENEURSHIP AND SUSTAINABLE MARITIME BUSINESS IN NIGERIA

Abstract

The studies on sustainability have grown significantly over the years. It is tied to the gross environmental degradation. Also there are remedial efforts by the United Nations with its Sustainable Development Goals, the Blue economy initiative of World Bank; and the new Ministry of Blue economy, Nigeria. Despite research on Global Warming are numerous, the climate problem persists. As a result of the persistent pollution and rising water temperatures currently at 0.36℉. In the light of this awareness, the research gap is that, little attention is been given to small
maritime entrepreneurs hit with high operational cost and boat accidents. Therefore, the concept of "blue entrepreneurship" is examined to attain sustainable development at that level. The Research design was mixed as a cross-sectional, narrative and deductive research. The study
population comprise 1019 maritime entrepreneurs (Marketers, Fishers, Boat builders and Transporters) in selected riverine communities and markets in Warri, Yenagoa, and Port Harcourt. The sample size of 287 was generated using the Krejcie and Morgan (1970) table and Taro Yamane
Formular (1973). However, the total number of respondents with completed and usable questionnaire was 241. This number was justified by Roscoe (1975) Rule of thumb as appropriate. For data analysis, SPSS 25.0 was employed. In results and discussions, it was revealed that
maritime entrepreneurs can equally play part in ensuring clean waters, aquatic life and profit. As