The Role of Human Capital Development in Advancing Nigeria’s Maritime Industry

Abstract

This study investigates the role of human capital development in advancing Nigeria’s maritime industry, focusing on the impact of education, healthcare, and tertiary enrolment on sectoral growth. Using a dynamic log-linear regression model and data from 1995 to 2023, the research reveals that past maritime performance significantly influences current growth, with a 1% increase in lagged maritime GDP contributing to a 0.857% rise in current GDP. Education and health expenditures also positively impact the sector, as a 1% increase in health spending boosts
maritime GDP by 0.709%, while a similar increase in education spending raises it by 0.21%. Notably, tertiary enrolment exerts the strongest effect, with a 1% increase leading to a 2.464% rise in maritime GDP, underscoring the critical role of advanced education and specialized training. These findings highlight the necessity of a skilled and healthy workforce in driving productivity, innovation, and competitiveness in the maritime sector. The study recommends expanding access to specialized maritime education, enhancing healthcare and welfare for maritime workers and educators, and fostering industry-academia collaboration to align curricula with sectoral needs. These strategies are crucial for strengthening workforce capacity, improving perational efficiency, and ensuring long-term sustainability in Nigeria’s maritime industry,
ultimately contributing to national economic development and global competitiveness