APPRAISAL OF MODERN STRATEGIES FOR HOUSING DELIVERY IN NIGERIA


APPRAISAL OF MODERN STRATEGIES FOR HOUSING DELIVERY IN NIGERIA

CHAPTER ONE INTRODUCTION   1.1   BACKGROUND TO THE STUDY  

The housing shortage is one of the most serious developmental challenges presently confronting Nigeria. Stakeholders and industry operatives in building technology are unanimous in their opinion that the process of housing delivery in Nigeria needs a change of strategy. In this study, the researcher is examining modern ways that could be explored to meet the nation’s housing deficit which stands around 17million units (Akeju, 2012).

Although Nigeria with a population of over 160 million people has been identified as the largest market in Africa for everything, including real estate, growing demand for decent shelter has continued to meet the leaner supply of housing units. Over the years, successive governments in the country had tinkered with policies in a bid to achieve its mass housing objective but due to lack of reasonable commitment to it, achieving the goal has remained elusive (FRN, 2007).

Experts who gave analytical insight into the problem of housing delivery in Nigeria called for a declaration of a state of emergency in the housing sector, saying innovative thinking and modern strategies could bring about better outcomes that will enhance the housing delivery process in the country. It is a known fact that financing of housing projects remained one of the biggest problems in the sector that is militating against housing delivery. Akeju (2012) is of the opinion that the major issue in housing delivery is funding, getting appropriate funding. There is money flowing everywhere but the right type of money needed for long term projects like housing is not available. Something that can really work for affordable housing can be akin to what the Federal Mortgage Bank offers which cannot go round.

Modern strategy in housing delivery in Nigeria will reiterate the government’s priority to tackle overcrowding and the ambitious target to reduce severe overcrowding in rented housing apartments (Bush, 2004). Alongside making funding available for larger homes, with at least a higher number of bedrooms, and a long-term commitment to deliver the family-sized affordable homes should be identified in a strategic plan for housing delivery (Easton, 2006).

There are many strategies needed to facilitate massive housing delivery in Nigeria but modern and technologically-inspired large scale housing schemes – schemes and sites with thousands of housing units could play a significant role in the delivery of a large number of houses the Nigerians needs. The experience of the last 20 years suggests that the level of demand for new homes over the next decade will not be met by piecemeal incremental developments. In Nigeria today, there is a shortage of housing for low-income earners and constantly growing housing demands (due to an increase in population) that are not met. Unfortunately, banks are reluctant to provide mortgage facilities to low-income earners. In order to solve the housing/mortgage challenges faced by the Nigeria populace, the Nigerian Mortgage Refinance Company (NMRC) was established to promote homeownership and increase the availability and affordability of mortgage loans to Nigerians. In spite of the incorporation of NMRC on June 24, 2013, not much has changed. The apathy of banks towards mortgage transactions still lingers, understandably, because of the risk of default. To buttress this, 66,402 Nigerians applied for mortgages during the recent Nigerian Housing Finance Programme. Only 10,000 Nigerians were selected. However, the interest rates by primary mortgage institutions that participated in the program were alarming (14.5% -19%). It is suggested that a cue be taken from other countries where the cost of a mortgage for first time home buyers is low, with small down payments and easy terms especially, a single-digit interest rate.

1.2   STATEMENT OF THE PROBLEM The problem of housing delivery is of great concern in many countries. This problem is especially prominent in Nigeria. The challenge as been magnified as a result of a myriad of issues, not least, a high population growth rate, shortage of necessary skills and disintegrated supply chain. There is a need for the Nigerian government and stakeholders in the building industry to rise up to the housing needs of Nigerians in quality and quantity. Some researchers have advocated other modern methods of construction like dry construction as a strategy for mass housing delivery. However, the researcher is examining how modern strategies can be used to ensure that the housing need of Nigerians is met. 1.3   OBJECTIVES OF THE STUDY The following are the objectives of this study:

To examine the modern strategies that can be used for effective housing delivery. To determine the effect of modern strategies on housing delivery in Nigeria. To analyze the factors hindering the use of modern strategies in housing delivery in Nigeria.

1.4   RESEARCH QUESTIONS

What are the modern strategies that can be used for effective housing delivery? What is the effect of modern strategies on housing delivery in Nigeria? What are the factors hindering the use of modern strategies in housing delivery in Nigeria?

1.6   SIGNIFICANCE OF THE STUDY The following are the significance of this study:

The outcome of this study will educate stakeholders in the building industry, government and policymakers on the modern strategies that can be used to solve the problems of housing deficit in Nigeria. This research will also serve as a resource base to other scholars and researchers interested in carrying out further research in this field subsequently if applied will go to an extent to provide new explanation to the topic

1.7   SCOPE/LIMITATIONS OF THE STUDY  

This study on appraisal of modern strategies for housing delivery in Nigeria will cover all the efforts and approaches of past and present government of Nigeria at tackling the problem of housing deficit in Nigeria. It will also cover the new approaches and strategies that can be used for mass housing development.

LIMITATION OF STUDY   Financial constraint-  

Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire, and interview).

Time constraint-  

The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted to the research work.

REFERENCES  

Akeju, A. A.(2012). Challenges to providing affordable housing in Nigeria. Proceedings of 2nd Emerging Urban Africa International Conference on Housing Finance in Nigeria, Abuja, Nigeria. 17-19 October 2007. Bush, A. (2004) Understanding Stabilized Earth Construction. Virginia: VITA Publication Technical Paper No 2. Retrieved on July 7, 2007, from   Easton, D. R. (2006). The Rammed Earth House. White River Junction, VT: Chelsea Green Publishing Company FRN (2007). Federal Republic of Nigeria Official Gazette Vol. 94, No 24. UNDP Human Development Report. Oxford University Press, Oxford 1999.

 

.

APPRAISAL OF MODERN STRATEGIES FOR HOUSING DELIVERY IN NIGERIA



TYPE IN YOUR TOPIC AND CLICK SEARCH.






RESEARCHWAP.ORG

Researchwap.org is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. Researchwap.org guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.

TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • "Researchwap.org is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.org" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.