EFFECT OF AIRPORT NON-AERONAUTIC INFRASTRUCTURE ON ECONOMIC GROWTH IN NIGERIA: 1986-2020

Abstract

The study investigated the effect of airport non-aeronautic infrastructure on economic growth in Nigeria covering 1986-2020. Expost-facto research design was adopted to carry out the investigation. The data were collected from secondary source both internal and external which includes Central Bank of Nigeria (CBN), National Bureau of Statistics (NBS), Federal Ministry of Aviation (FMA) and International Civil Aviation Organization (ICAO). Neoclassical Cobb Douglas production model was adopted with modification for the study. The data were subjected to diagnostic test which include unit root, cointegration, before estimating the model. The findings of the study showed that the coefficients of rent and electricity infrastructure (REI) and Tollgate infrastructure (TGI) were statistically significant at P≤0.05 It can be concluded from the result analysis that rent and electricity infrastructure (REI) and Tollgate infrastructure has positive and strong influence on economic growth in Nigeria. The study recommends that Nigerian government and other stakeholders/ key players should ensure to have a proper maintenance culture on the infrastructure and make sure that the equipment is updated to global standard so as to compete with the global community. The study also recommended that professionals in the aviation industry be given free hand without interference in order to effectively and efficient discharge their duty towards enhancing management confidence that would contribute immensely to economic growth in Nigeria.