ANALYSIS OF AIRPORT PRODUCTIVITY AND EFFICIENCY PERFORMANCE IN NIGERIA
Journal Title: European Journal of Business and Social Sciences - Year 2016, Vol 4, Issue 12
Abstract
Nigeria as a developing country continues to grow in tandem with its air transport network following the construction of airports and planning of air routes, which have positive impact on passenger and cargo traffic, consequently, airports needs to expand and improve their operational capacity towards accommodating increasing workload, which invariably leads to increased operating and capital costs as well as economies of scale efficiencies for airport operators. On the other hand, it has been argued that increased in size will lead to increased operational and administrative complexities that will result in a loss of efficiencies (Oyesiku and Oduwole, 2004; Bubalo, 2009; 2011). It is in the light of this that the paper examined airport productivity and efficiency performance. The paper adopted a case study approach, utilising detailed and sectionalized questionnaires as data collection instrument from ten airports located in six geo-political zones of Nigeria based on multistage techniques. The questionnaire elicited primary data on components of airport productivity and efficiency performance for the period of 2004-2008 and were analysed using both descriptive and inferential analytical techniques. The paper revealed through adoption of production function of Cobb-Douglas that incorporates ordinary least-square and weighted least square methods, identified potential effects of various factors on gross Variable Factor Productivity (VFP), as well as computed a residual VFP index after removing the effects of these varieties on gross VFP. The pooled VFP Regression further revealed negative in Beta results of capital productivity, airport size, soft cost input productivity and share of international traffic, which are all attributed to the fact that sampled airports’ inability to achieve their relative objectives due to poor management , infrastructural base and other factors. The paper however concluded that streamlining efficiencies in operational integrity, new business and paradigms, coupled with the use of new technology will continue to see the industry and airports work towards a competitive advantage and achieve outcomes which are appropriate for airport shareholders and acceptable for stakeholders.
Authors and Affiliations
OYESIKU, Olukayode. O. Ph. D| Professor of Transport systems, Olabisi Onabanjo University, Ago-Iwoye, Ogun State,Nigeria., SOMUYIWA, Adebambo. O. Ph. D| Associate Professor of Transport Management, Ladoke Akintola University of Technology, Ogbomoso, Oyo State,Nigeria, ODUWOLE, Adewale. O. Ph. D| Principal Partner, FORSTECH Nigeria Limited
THE RELATIONSHIP BETWEEN ORGANIZATIONAL COMMUNICATION, ORGANIZATIONAL COMMITMENT AND INTENTION TO LEAVE
The purpose of this study is to determine the relationships among organizational communication, organizational commitment and intention to leave and to examine the mediating roles of sub dimensions of organizational c...
THE EFFECTS OF TWO MAJOR IMPACTS ON ORGANIZATIONAL CULTURE ALIAS UNIVERSITY-AU EAD IN 2013
Article monograph discusses the effects of two impacts on organizational culture Alias University-AU EAD in 2013. We present concepts of organizational culture and change in the same relating to the experience of the...
PHYSICAL AND SPIRITUAL PURITY AS BASIS FOR HEALING AND HOLINESS IN MARK 7:1-7
This paper explores the significance of purity for healing and health. Despite all the exploits that the world has witnessed in the field of science and technology, sicknesses and diseases still pose a serious threat...
FACTORS INFLUENCING YOUTH PARTICIPATION IN COMMUNITY BASED DEVELOPMENT PROJECTS IN RWANDA: A CASE STUDY SAEMAUL ZERO HUNGER COMMUNITIES PROJECT IN NYAMAGABE DISTRICT
In Africa, there is continuous push on the youth to be involved in community development project. Despite the government’s effort to empower the youth through their participation in community based projects, youth h...
FINANCIAL SOUNDNESS MEASUREMENT AND TREND ANALYSIS OF COMMERCIAL BANKS IN BANGLADESH: AN OBSERVATION OF SELECTED BANKS
The financial sector is one of the most significant sectors for any country, especially if a country is a developing in nature. In such an environment, banking sector plays the vital role to strengthen the economic co...