An Analysis of the Socioeconomic Benefits Arising from Kubwa Rail Station in Abuja, Nigeria

Emmanuel A., Komolafe and Victoria, Bello A. (2024) An Analysis of the Socioeconomic Benefits Arising from Kubwa Rail Station in Abuja, Nigeria. Asian Journal of Economics, Business and Accounting, 24 (5). pp. 557-569. ISSN 2456-639X

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Abstract

The study examined socioeconomic benefits arising from the location of the rail station in Kubwa community, Abuja. The study adopted survey research, and data was collected from household heads of rented multi-tenanted apartments in Kubwa within 3km of Kubwa rail station. Structured questionnaires were used to elicit data from a sample of household heads of rented multi-tenanted apartments in Kubwa. The collected data was analysed using a weighted mean score and the Kruktal-Wallis test. In a weighted mean, factors are ranked from 1st to last position in descending order of their weighted means, such that the factor with the highest weighted mean ranks first while the one with the lowest weighted mean ranks last. This method is used for its simplicity and ease of communicating the results of the research. The study found that within a one-kilometre radius of the rail station, increased property value is the highest socioeconomic benefit derived from the rail station. Following this came cost-effectiveness, increased retail activity, and improved accessibility and connectivity. The research also revealed that increased property value is the most significant benefit within a two-kilometre radius, followed by improved accessibility, connectivity, and cost-effectiveness. Also, within a three-kilometre radius, cost-effectiveness is the highest socioeconomic benefit derived from the rail station, followed closely by improved accessibility and connectivity, and time schedule and organization. Rail stations play a crucial role in urban and regional development that extends beyond mere accessibility by catalysing a variety of socioeconomic effects in the areas they serve. Consequently, the government must place a high priority on the meticulous maintenance and upkeep of the rail infrastructure.

Item Type: Article
Subjects: STM Academic > Social Sciences and Humanities
Depositing User: Unnamed user with email support@stmacademic.com
Date Deposited: 17 Apr 2024 05:35
Last Modified: 17 Apr 2024 05:35
URI: http://article.researchpromo.com/id/eprint/2292

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