CORPORATE GOVERNANCE AND PERFORMANCE OF PUBLIC ENTERPRISES IN NIGERIA: CASE OF NIGERIAN MARITIME ADMINISTRATION AND SAFETY AGENCY (NIMASA)
Yakubu A. Usman, PhD
Volume 12 Issue 3
Abstract
Corporate governance remains a critical determinant of organisational performance, particularly in public enterprises where accountability and efficiency are central to service delivery. In Nigeria, the Nigerian Maritime Administration and Safety Agency (NIMASA) plays a pivotal role in regulating and promoting maritime safety, yet persistent governance challenges such as political interference, weak accountability mechanisms, and poor oversight have hindered its effectiveness. This study examines the relationship between corporate governance practices and the performance outcomes of NIMASA, with specific attention to board composition, transparency, accountability, and internal controls. The study employed a descriptive survey research design. Data were collected from a sample of 327 respondents drawn from NIMASA staff and key maritime stakeholders using structured questionnaires and interviews. Descriptive and inferential statistical tools, including correlation and regression analysis, were applied to determine the influence of governance practices on performance outcomes, while qualitative data were analysed thematically. Findings revealed a significant relationship between governance practices and NIMASA’s performance, with accountability, board independence, and transparency emerging as the most critical determinants of efficiency and service delivery. The study recommends strengthening institutional governance frameworks, reducing political interference, and enhancing internal accountability systems to improve organisational performance and ensure sustainable service delivery. Keywords: Corporate Governance, Performance, Public Enterprises, NIMASA, Accountability
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