In spite of the potentials of the capital market, one wonders why the Nigerian real estate developer has not resorted to the use of capital market instruments for real estate financing. In light of the potentials of these instruments in real estate development financing, the study examines the issues bordering on real estate development financing using capital market instruments. Specifically, the study was guided by the following objectives: to ascertain the challenges associated with the funding of real estate development using capital market instruments in the study area, and to determine the prospects of capital market instruments in funding real estate development in the study area. The study area was the south-eastern geopolitical zone of Nigeria. A quantitative approach was chosen for this study. The population of the study was 245 comprising real estate investors\developers, Estate Surveying and Valuation firms, Primary and Federal Mortgage Bank of Nigeria, Nigeria Stock and Exchange Commission, selected Academia of Estate profession in south East, Nigeria. The primary data collected through the questionnaire were analyzed and presented using charts, Binomial test of proportion and Z-approximation test. The study found seven (7) significant challenges associated with the capital market financing of real estate development in the study area; while six (6) significant prospects of capital market funding of real estate development in the study area were found. The study recommended that policies that will impact positively on the real estate development sector of the Nigerian economy as it concerns funding should be pursued with all the seriousness it deserves; and good regulatory environment should be provide with adequate safeguard to enable investors tap into the potentials of the capital market in financing real estate development.
Coronavirus (COVID-19) infection is increasing steadily in Nigeria. The aim of this study is to assess the perception of people living in low income and densely populated area about COVID-19. This study was carried out in one of the most popular low income area (Abakpa-Nike) in a major city in South East, Nigeria (Enugu). Four hundred questionnaires were administered to heads of the household in this community. A return rate of 77.5% was achieved. Descriptive (frequency, percentages, weighted average and median) and inferential statistics were used for the study. Our tests show that females are more likely to use facemask more frequently than males (p=0.000). However, there is no association between gender and frequent use of hand sanitizers (p=0.06). also, no association exists between gender and regular observation of social distancing (p=0.272). There was also an association between educational status and perception that Nigeria’s tropical climate “kills” COVID-19 virus (p=0.021). No association exist between educational status and the perception that Nigerians immune system is “stronger” than COVID-19 virus (p=0.147). Therefore, National Center for Diseases and Control, Presidential Task Force on COVID-19 and pertinent state agencies should put into consideration educational attainment and economic status of the people in communication output.
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