The year 2013 marked a decade of the implementation of cabotage law in Nigeria. This study analyzed the implementation of the policy over the 10 years period from 2004 to 2013. The aim of the study is to assess how the implementation of the policy has affected indigenous and foreign coastal shipping firms and how to use the policy to increase coastal shipping business opportunities for local ship operators. Data on number of cabotaage vessels chartered from local and foreign shipping operators, their charter fees for each year covered the study were obtained. Assuming equal charter rate for cabotage vessels of local and foreign operators
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