Determinants of Vehicle Ownership in Nigeria
Bibliographic Data
| ID | 4181936 |
|---|---|
| Authors | Frances Ifeoma Ukonze, Ukonze Ifeoma (0000-0003-3564-0852, University of Nigeria), Maxwell Umunna Nwachukwu (0000-0002-2102-7013, University of Nigeria, corresponding author), Harold Chike Mba, Harold Chike (University of Nigeria), Donald Chiuba Okeke, Donald Okeke (University of Nigeria), Uloma Jiburum (0000-0001-9535-9996, University of Nigeria) |
| Year | 2020 |
| Volume | 10 |
| Issue | 2 |
| Publication date | 2020-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | SAGE Open (JOURNAL) |
| Journal identifiers | ISSN: 2158-2440 • E-ISSN: 2158-2440 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/2158244020922970 |
| OpenAlex | W3025985829 |
| Language | EN |
| Citations received | 5 |
| References cited | 37 |
Vehicle ownership has increased tremendously in Nigeria for the past decades. This study determined factors that influence vehicle ownership intending to develop a more appropriate basis for forecasting vehicle ownership in the country. Multiple linear regression technique was used to identify the factors that influence vehicle ownership using national data from secondary sources. The results showed that four socioeconomic factors, namely, gross domestic product, per capita income, fuel price, and literacy level, as well as one physical factor, namely, stock of public transport vehicles, have significant effects on vehicle ownership at .01 significance level. Vehicle ownership was 35.3 million in 2018. It will increase to 48.7, 66.2, and 76.1 million in 2030, 2040, and 2050, respectively. Consequently, the formulation of appropriate policy that will be useful for monitoring key parameters is germane for predicting vehicle ownership in the country
Business · Car ownership · Economic growth · Economics · Geography · Gross domestic product · Per capita · Public economics · Public ownership · Public transport · Socioeconomic status · Transport engineering · Energy, Environment, and Transportation Policies · Engineering · Transportation Planning and Optimization · Urban Transport and Accessibility
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| Unique citing works | 5 |
|---|---|
| Citations per year | 1 |
| Citation span | 2021 - 2023 (3) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 4 |