An evaluation of the performance of private transport companies in selected Southwestern of Nigeria
AFRICAN JOURNAL OF BUSINESS MANAGEMENT
Obafemi Awolowo University, Ladoke Akintola Univ Technol
This paper evaluates the performance of Private Transport Companies in Southwestern, Nigeria. It also ascertains the influence of the identified variables on the performance of the companies. A Sample size of 270 respondents was purposively selected among registered private transport companies in the Study area. Correlation and regression analyses techniques were adopted in analyzing the collected data. The results of the findings showed a significant correlation between the performance of private transport companies and each of the independent variables of age of establishment ( r = 0.593), staff strength ( r = 0.647), wages/salary trends ( r = 0.54) and total number of functioning vehicles ( r = 0.539) and these variables had a strong, positive and significant relationships and are answerable for the performance that is measured in terms of return on investment of the private transport companies in the study area. The result of regression analysis showed that, the coefficients of the total number of employees (X-2), the government regulations on inputs such as petroleum products and auto-spare parts (X-3), costs of maintenance/ operation (X-6), state of the roads (X-7), useful life age of the vehicles (X-9) and effects of telecommunication (X-11) contributed significantly to the variation in the level of performance of private transport companies at both 5 and 10% levels.