Assessment of Parking Facilities in Banks Along Selected Major Traffic Corridors in Ibadan, Oyo State


This study assessed parking facilities in commercial banks along selected road corridors in Ibadan metropolis. The study examined the nature of parking in the selected commercial banks; assessed the compliance to parking space requirements for commercial banks; analysed spatio-temporal dimension of parking congestion in commercial banks; examined the impact of parking facilities on the immediate environment of banks; and determined the measure to cope with the observed parking challenges. The study obtained both primary and secondary data. Quantitative data were obtained through administration of questionnaire to 280 bank users and residents within the bank using random sampling technique and based on purposive sampling of four major corridors in Ibadan metropolis. The questionnaire were analysed using both descriptive and inferential techniques. Decision rule for acceptance or rejection of hypothesis was to accept alternative hypothesis and reject the null hypothesis if the p-value of correlation test (r) is <0.05 level of significance and vice versa. The hypothesis was tested at 0.05 level of significance and the data collected was analyzed using T-test. The study also employed Correlation analysis to test the hypothesis. The result of the study showed that there is a difference in parking capacities across the selected banks (t(13)=14.570, p = .000) at 0.05 level of significance. The correlation analysis revealed that there is a perfect positive relationship between awareness and compliance to planning regulations on parking provisions (r(13) = 1.000, p = .000). It was observed that only a few bank made provision for adequate parking facilities, this led to complaints from some customers and also reduce the numbers of vehicle owners going to the banks in their vehicle. Also, it was observed that majority of the bank managers are not aware of the availability of planning regulations guiding the provision of parking facilities in banks, hence do not comply to the parking requirements. It is therefore recommended that planning approval is taken before carrying out a development plan.

Citation: Michael O. Joel, Oluwaseyi Suulola and Emmanuel Ashibuogwu (2022) Assessment of Parking Facilities in Banks Along Selected Major Traffic Corridors in Ibadan, Oyo State, British Journal of Environmental Sciences, Vol.10, No.3, pp., 52-63

Keywords: Commercial Banks, Planning, Traffic, Transportation, parking


Article Review Status: Published

Pages: 52-63 (Download PDF)

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