Olalere OA, Temitope AK, John OO and Oluwatobi A
This research work addressed the security problem arising from the day-to-day activities of the Nigerian Port Authority and analyzed the impact this have on the overall efficiency. The secondary source of data obtained from documented facts was used extensively for this study. The documented records was extracted and compiled from the annual financial reports of the Nigeria Port Authority, for a period of four years. And method of data analysis employed were moving averages, graphical representations, quantitative description (using operation efficiency model), and the statistical t-test of hypothesis. The operational efficiencies were estimated over a period of 2009, 2010, 2011 and 2012 with corresponding calculated values of 20.04%, 37.39%, 37.29% and 12.20% respectively. This trend shows a dramatic increase which later plummeted in 2012. The relationship between the operational efficiency and security is therefore of inverse proportionality. This means that a surge in the security challenge will adversely affect the efficiency in operations, thereby reducing the IGR (Internally Generated Revenue). From the statistical test of hypothesis estimated, it is apparent that the null hypotheses are to be rejected. The study therefore concluded that the security measures improvement have significant impact on the overall operational efficiency of a container ports. This is noticeable in the trend line generated by the Microsoft excel 2013®.
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