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
Keywords
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- EP ID EP10731
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