Aviation Industry And Implication For Economic Development In Nigeria

This work is aviation industry and implication for economic development in Nigeria. Over the years, various governments of Nigeria have put in place a series of policy instruments for the development of the aviation sector as sinews to bolster the desired growth. But air transport system continues to mirror inefficiency, mismanagement and airline mishap. This study developed a series of econometrics models including dynamic ordinary regression equation, cointegration, error correction model and granger causality techniques to examine the relationship between air transport and economic growth. The analyses suggests a positive influence of air transport on economic growth, a long run equilibrium relationship and a causal unidirectional relations from air transport to economic growth. The diagnostic test for the normality of the model showed that the model functional form is adequate, stable with no serial correlation. From the analysis, this study recommends a proactive and dynamic cohesive transport policy that benefits all the stakeholders. Also, the sector must improve on its managerial expertise guided by adequate transparency and accountability in order to achieve results and develop the sector to an international standard worthy of emulation.

The main objective of this study is to examine the implication of aviation industry in the economic development of Nigeria. In order to achieve this objective, the following are the specific objectives:

1.) Examine the aviation industry in Nigeria since inception

2.) Explore how the activities of the aviation industry have influenced the economic development of Nigeria.

3.) Investigate the relationship between aviation industry and economic development.

1.) What is aviation industry?

2.) What is the relationship between aviation industry and economic development?

3.) What is the role of aviation industry in the economic development of a country?

4.) What are the implications of the aviation industry on the economic development of Nigeria.

• Effective Promotional Strategies On Profitability Of Aviation Industry
• Design And Implementation Of Weather Forecasting Package For Aviation Industry
• Role Of Aviation In Hospitality And Tourism Industry In Nigeria
• Risk Management, Means Of Minimizing Accident In The Aviation Industry

• Economics Project Topics and Materials