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Airport Changing Business Model and Density of Economic Activities

Author

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  • Olufunto Adedotun Kanyio

    (Department of Logistics and Transport Technology, Federal University of Technology, Akure, P.M.B. 740, Nigeria)

  • Taofeek Kolawole Gbadamosi

    (Department of Logistics and Transport Technology, Federal University of Technology, Akure, P.M.B. 740, Nigeria)

  • Felix Kayode Omole

    (Department of Urban and Regional Planning, Federal University of Technology, Akure, P.M.B. 740, Nigeria)

Abstract

Traditionally, airports were seen as air transport infrastructures for airline operations, passenger, and cargo processing. This traditional view has evolved beyond the aeronautical function, to offering non-aeronautical equipment and services. Airports play an important role in shaping the economic activities of the communities which they serve and constitute a significant stimulus to economic and social development for the communities located in neighbouring areas of the airport. This study examines how the changed economic model of Murtala Muhammed international airport has become the centre of the economic activities’ concentration within a five (5) kilometre radius which covers Ikeja, Oshodi-Isolo and Alimosho Local Government Areas. The study deployed the use of the Global Positioning System for its primary data and Google Earth for its secondary data. The study found that within the buffered zones, the airport was typically a pull factor to economic activities. Air transport freight businesses were majorly concentrated within the core, and transition zones, with 41.09% and 40.50%, while decreasing at periphery zones with 18.79%. In addition, air transport passenger economic activities increased from 25.92% at the core, to 33.55% at the transition zone, while experiencing a decrease at the periphery to 30.37%. The study concluded that the airport vicinity isthe centre of economic activities, a pull factor and a growth pole centre.

Suggested Citation

  • Olufunto Adedotun Kanyio & Taofeek Kolawole Gbadamosi & Felix Kayode Omole, 2023. "Airport Changing Business Model and Density of Economic Activities," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(2), pages 364-375, February.
    • Handle: RePEc:bcp:journl:v:7:y:2023:i:2:p:364-375
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    References listed on IDEAS

    as
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