Geospatial Analysis of Distribution and Accessibility of Microfinance and Commercial Banks in Akure South LGA, Ondo State Nigeria.

Onyemaechi John Nnamani; Israel Olaoluwa Arigbede

Geospatial Analysis of Distribution and Accessibility of Microfinance and Commercial Banks in Akure South LGA, Ondo State Nigeria.

Abstract

This study employs Geographic Information Systems (GIS) technique to analyze the spatial distribution of commercial and microfinance banks in Akure South Local Government Area (LGA). A total of 25 financial institutions, comprising 14 commercial banks and 11 microfinance banks, were identified within the study area, with 48 bank branches in total, including 33 commercial bank branches and 15 microfinance bank branches. First Bank Plc holds the highest number of branches among commercial banks, with 4 branches, while LAPO Microfinance Bank has the highest number of branches among microfinance banks, with 5 branches. The analysis reveals a concentration of 38 bank branches along the Oba Ile – Alagbaka axis, particularly around major market centers and the Federal University of Technology Akure campus. Buffer analysis conducted with buffer zones ranging from 500 meters to 1000 meters highlights areas of intense bank branch concentration, with corridors along major road axes showing overlapping buffers, indicating high representation. The study also observes a spatial normal distribution pattern, with higher bank branch density near the city center and decreasing density towards the periphery, following major road networks. This spatial analysis provides valuable insights into the geographic distribution of bank branches in Akure South LGA, aiding in strategic decision-making for future bank branch placements and financial accessibility across the region. The findings suggest a need for targeted banking expansion to optimize coverage and accessibility, especially in underrepresented areas, while leveraging existing corridors of bank concentration for enhanced service provision.

Keywords

Ethical Statement

we declare that our study do not require ethical committee permission

References

Adeboboye, A., Ojiako, J., Eze, C. (2012). A GIS Approach to Management of Financial Institutions Spatial Distribution and Location in Awka, Anambra State, Nigeria. International Journal of Environmental Science, Management and Engineering Research, 1(3), 114-122.
Awodumi, O. (2022). Spatial Distribution of Banks and Customers' Mobility in Ibadan North Local Government, Oyo State: GIS Approach. International Journal of Geography and Regional Planning Research. (7), 1-19
Balogun, T., Ogbeide, O. (2020). A Geomarketing Perspective of Commercial Banks Distribution in Benin City. Ethiopian Journal of Environmental Studies & Management, 13(1).
Borregaard, M., Hendrichsen, D., Nachman, G. (2009). Spatial distribution patterns. In book: Encyclopedia of Ecology (pp.3304-3310) Oxford: Elsevier publisher
Larivière, B., & van den Poel, D. (2007). Banking Behaviour After the Lifecycle Event of “Moving in Together”: An Exploratory Study of the Role of Marketing Investments. European Journal of Operational Research, 183(1), 345–369.
Monguno, A.K., Abdullahi, M.K., Sambo, G.H. (2015). Spatial relationships between location of microfinance banks and poverty in Nigeria. Journal of Resources Development and Management, (14), 30-40
Ogundele, F.O, Iwara, A.I, Odewumi, S.G., Njar, G.N., Owolade, A. (2013). Distribution Pattern and Customers’ Accessibility to Banks in Ibadan North Local Government Area of Oyo State, Nigeria. Scottish Journal of Arts, Social Sciences and Scientific Studies - ISSN 2047-1278. http://scottishjournal.co.uk
Olawuyi, A., Okeniyi, E., Olanrewaju, O. (2022). Flood Vulnerability Analysis of part of Akure using Multicriteria Approach. World Scientific News 172, 213-224.

Details

Primary Language

English

Subjects

Photogrammetry and Remote Sensing

Journal Section

Research Article

Authors

Onyemaechi John Nnamani ^*
0009-0003-6550-0022
Nigeria

Israel Olaoluwa Arigbede This is me
0009-0003-9583-4955
Nigeria

Publication Date

September 29, 2025

Submission Date

March 14, 2025

Acceptance Date

August 19, 2025

Published in Issue

Year 2025 Volume: 12 Number: 3

IZ

https://izlik.org/JA32NM73WE

Cite

RIS / Bibtex

APA

Nnamani, O. J., & Arigbede, I. O. (2025). Geospatial Analysis of Distribution and Accessibility of Microfinance and Commercial Banks in Akure South LGA, Ondo State Nigeria. International Journal of Environment and Geoinformatics, 12(3), 216-226. https://izlik.org/JA32NM73WE

AMA

1.Nnamani OJ, Arigbede IO. Geospatial Analysis of Distribution and Accessibility of Microfinance and Commercial Banks in Akure South LGA, Ondo State Nigeria. IJEGEO. 2025;12(3):216-226. https://izlik.org/JA32NM73WE

Chicago

Nnamani, Onyemaechi John, and Israel Olaoluwa Arigbede. 2025. “Geospatial Analysis of Distribution and Accessibility of Microfinance and Commercial Banks in Akure South LGA, Ondo State Nigeria”. International Journal of Environment and Geoinformatics 12 (3): 216-26. https://izlik.org/JA32NM73WE.

EndNote

Nnamani OJ, Arigbede IO (September 1, 2025) Geospatial Analysis of Distribution and Accessibility of Microfinance and Commercial Banks in Akure South LGA, Ondo State Nigeria. International Journal of Environment and Geoinformatics 12 3 216–226.

IEEE

[1]O. J. Nnamani and I. O. Arigbede, “Geospatial Analysis of Distribution and Accessibility of Microfinance and Commercial Banks in Akure South LGA, Ondo State Nigeria”., IJEGEO, vol. 12, no. 3, pp. 216–226, Sept. 2025, [Online]. Available: https://izlik.org/JA32NM73WE

ISNAD

Nnamani, Onyemaechi John - Arigbede, Israel Olaoluwa. “Geospatial Analysis of Distribution and Accessibility of Microfinance and Commercial Banks in Akure South LGA, Ondo State Nigeria”. International Journal of Environment and Geoinformatics 12/3 (September 1, 2025): 216-226. https://izlik.org/JA32NM73WE.

JAMA

1.Nnamani OJ, Arigbede IO. Geospatial Analysis of Distribution and Accessibility of Microfinance and Commercial Banks in Akure South LGA, Ondo State Nigeria. IJEGEO. 2025;12:216–226.

MLA

Nnamani, Onyemaechi John, and Israel Olaoluwa Arigbede. “Geospatial Analysis of Distribution and Accessibility of Microfinance and Commercial Banks in Akure South LGA, Ondo State Nigeria”. International Journal of Environment and Geoinformatics, vol. 12, no. 3, Sept. 2025, pp. 216-2, https://izlik.org/JA32NM73WE.

Vancouver

1.Onyemaechi John Nnamani, Israel Olaoluwa Arigbede. Geospatial Analysis of Distribution and Accessibility of Microfinance and Commercial Banks in Akure South LGA, Ondo State Nigeria. IJEGEO [Internet]. 2025 Sep. 1;12(3):216-2. Available from: https://izlik.org/JA32NM73WE