Impact of Maintenance Cost on the Operation of Inland Waterways Transport in Lagos State

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@article{1705509,
      author = {Afolayan Isaac Olayinka, Dr. Ayantoyinbo B. B. (Ph.D)},
      title = { Impact of Maintenance Cost on the Operation of Inland Waterways Transport in Lagos State},
      journal = {Iconic Research And Engineering Journals},
      year = {2024},
      volume = {7},
      number = {8},
      pages = {239-245},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1705509.pdf},
      abstract = {Inland waterways transport plays significant activities in the mobility of freight and services, which is necessary for urban economic development. Maintenance cost is the determinant for price determination by waterways transport providers, maintenance costs are related to the operation of a business which is servicing fees at all stages, procurement of spare parts among others. Increase in high cost of spare parts, limited ferry capacity, lack of ferry accessibility and increase in other operational expenses generated to poor operations along inland waterways channel. To achieve this, the study will analyze the impact of maintenance cost on the operation of inland waterways transport in Lagos State. The data used in this research are represented by relevant variables retrieved through primary. The primary data was generated using snow balling sampling technique with aid of 836 well structured questionnaires. Multiple regression analysis was used in analyzing the data obtained.The result of the findings revealed that increase in ferry Maintenance costs influence Ferry capacity, Ferry Accessibility and Operational expense (operator remuneration) with F-value of 1024.112, P= 0.000 and adjusted R square of .790. The study concluded that ferry maintenance costs positively impacted inland waterways operations. It also recommends that to have reduction in repair cost, there should be adequate infrastructures at the terminals.},
      keywords = {Maintenance, Ferry, Costs, Spare Parts, Price},
      month = {February},
  }