The Function of Private Sector in the Provision of Decent Accommodation to General Public in Lafia Metropolis
Journal Title: International Journal of Research and Review - Year 2017, Vol 4, Issue 6
Abstract
The study aimed at investigating the role of private sector in the provision of affordable housing to the public with a view to establishing strategies for affordable housing ownership using lafia as the study area. A Survey Research was carried out through the use of questionnaire instrument. Two types of Questionnaires were administered, one for the households and the other for Private developers. The stratified sampling technique was adopted for the study; while Data obtained from the field were processed using Statistical Packages for Social Sciences (SPSS). The results revealed that production of physical housing units as well as building materials particularly the local contents are the major role played by private sectors. It has been discovered that most of the private developers used imported building materials for housing development. The findings also revealed that rising cost of land, construction materials, land scarcity with infrastructure and inflation during the project life are the major challenges faced by private developers. Moreover, personal savings and mortgage loan are the most preferred housing finance options by households. The study therefore recommended that there should be well-developed Mortgage Institutions in Nigeria to assist developers and purchasers of the housing stock to obtain mortgage loans at low interest rates. Workable policies are needed to give more access to appropriate affordable building materials. By and large, research and development into innovative technologies should be supported. Above all, the government should facilitate the development of Building Materials Producers Association of Nigeria (BUMPAN), the Real Estate Development Association of Nigeria (REDAN) and other associations in the housing industry. There should also be a macroeconomic stability, by keeping inflation and interest rates down with a well regulated and structured market that will give investors confidence about the economy. This will facilitate affordable housing supply by private developers to the expected housing needs.
Authors and Affiliations
Aliyu Ahmad Aliyu
Keywords
Related Articles
- EP ID EP367003
- DOI -
- Views 86
- Downloads 0
To Assess Effect of Nidan Parivarjan in the Management of Padadari Vyadhi with Application Sarjaras Malahar
There is a lot of difference between today’s life style and ancient life style, hence the applications of ayurvedic principles must be modified and according to new diseases new principles should be searched. For that pu...
The Islamic Perspective of Marketing Communication in Online Business Advertisement: A Case Study in Go-Jek Online Transport Sales Service
The problems in the marketing communication arise due to services given to consumers, to inconvenience in transportation service, and to uncertain waiting time. With regard to the online business advertisement practiced...
The Determination of the Relationship between Positive Thinking and Body Appreciation Levels of Physically Disabled Athletes
The aim of this study is to introduce the relationship between The Physically Disabled Athletes’ Positive Thinking and Their Bodies Admiration. Total 40 athletes, who has participated to the study voluntarily. Positive T...
Sigmoid Colon Endometriosis Presenting as Colon Obstruction Due to Stricture –A Case Report
Endometriosis is an estrogen dependent inflammatory disease characterized by the presence of functional endometrial tissue outside the uterus. Endometriosis, a relatively common condition, rarely involves the bowel and p...
Wetted Wall Column: Review on Studies and Investigations
The mass transfer coefficients are strongly dependent on diffusivity. The diffusion along with convection explains mechanism of mass transfer coefficients. Various theories predict different dependence on diffusivity. Fi...