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Impact of Private Bus Operations on Small and Medium Scale Enterprises (SMEs) Productivity in Ibadan Metropolis of Oyo State, Nigeria
Abstract
Impact of private bus operations on SMEs productivity in Ibadan metropolis of Oyo state was examined in this study. Furthermore, it examined impact of bus operations on Small and Medium Scale Enterprises productivity and appraised flexibility of bus operations in the study area. The work was embarked upon in Ibadan. Random sampling technique was employed, as two hundred and five (205) SMEs outfits where randomly selected from three local government areas. Which was randomly chosen out of the 5 local government areas of the study area. Regression analysis and percentage frequency were used for data analysis. It was discovered that most SMEs in the study area had daily revenue range of between 30,001 – 50,000 naira. Also, R2 = 0.779, meaning that ‘extent to which private bus operations is cheaper than other transport means, private bus operations are readily available and private bus operations covers city haulage,’ explained daily revenue was 77.9 percent. Also, F-value = 236.177 and p - value = 0.000 <0.05. Bus operations was discovered to have had both statistical and significant impact on small and medium scale enterprises. Conclusively, bus operations had impact on small and medium scale enterprises in Ibadan. While flexibility of operations was considerably poor in the study area.
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