Housing and Economic Growth Nexus in Nigeria: Data Based Evidence

Okwu, Andy Titus; Ngoepe-Ntsoane, Mokgadi Julia; Obiakor, Rowland Tochukwu; Obiwuru, Timothy Chidi

doi:10.24193/tras.51e.5

Cited by 3 publications

(3 citation statements)

References 13 publications

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“…Aside the contribution to GDP in Nigeria, the real estate sector has been identified as a main source of job creation. The real estate sector created jobs for more than 7 million young people across the value chain between 2010 to 2017 [17]. However, Nigeria's housing deficit is estimated to be 22 million while the sector is underfinanced since 1982 [18].…”

Section: Overview Of Real Estate Sector In Nigeriamentioning

confidence: 99%

Enhancing the Sustainable Supply Chain in Nigeria's Real Estate Sector: A Blockchain Perspective for Transparency and Traceability

Osho,

Olaniyi

2024

IJICR

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This tudy investigates the impact of blockchain technology on sustainable real estate supply chain management, specifically focusing on material traceability and transparency . The findings highlight the importance of considering blockchain as a viable solution for enhancing material traceability and transparency in sustainable real estate supply chains as panacea for preventing incessant building collapse in Nigeria. The study contributes to the understanding of blockchain technology's role in real estate supply chain management and provides insights for industry practitioners, policymakers, and researchers. In this study, a quantitative approach was employed, which included distributing a questionnaire to 300 participants representing various sectors within the real estate industry. Out of the total, 235 responses were received. A regression analysis was conducted to examine the impact of blockchain technology on material traceability and transparency in real estate supply chain. The regression analysis showed a statistically significant positive relationship (β = 0.347, p < 0.005), and (β = 0.358, p < 0.005) indicating that the adoption of blockchain technology has significant impact on improving material traceability and transparency respectively. While challenges exist in the use of blockchain, such as scalability, future work should focus on practical implementation through pilot projects and the development of standardised protocols. It is recommended that industry stakeholders collaborate with regulatory bodies to establish guidelines and standards specific to blockchain implementation in the real estate sector in Nigeria.

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Section: Overview Of Real Estate Sector In Nigeriamentioning

confidence: 99%

Enhancing the Sustainable Supply Chain in Nigeria's Real Estate Sector: A Blockchain Perspective for Transparency and Traceability

Osho,

Olaniyi

2024

IJICR

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“…Investment in housing at such a significant level stimulates the demand for labour in the construction and building materials industries and thus affects income production in the economy. Okwu, Ngoepe-Ntsoane [9] opined that housing promotes investment opportunities that are capable of promoting sustainable growth and the development of an economy. Therefore, adequate provision of decent housing is an important measure of social welfare and economic development in any nation which also serves as an international human right.…”

Section: The Housing Sector Contribution To Nigerian Economymentioning

confidence: 99%

Evaluation of the Incidences of Risk Occurrence and Severity in PPP-Procured Mass Housing Projects (PPP-MHPs) in Abuja, Nigeria

Temitope

Emmanuel

Olaniyi

2023

WJCEA

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Risks in Public Private Procurement mass housing project (PPP-MHP) initiatives are emerging and this requires early risk identification and allocation to achieve the goal and sustenance of the scheme. The study, being a follow-up of a Delphi survey, elicits the opinion of respondents on the probability of occurrence and severity of identified risks in PPP-MHPs in Nigeria. The study adopts a quantitative research design approach by administering structure questionnaire survey on identified PPP-MHPs partners in Abuja, Nigeria. Data analysis was performed using descriptive and inferential statistical tools such as Mean item score (MIS), standard deviation, and Kruskal Wallis analytical techniques with the aid of SPSS software packages. The findings show that all the listed risk factors were found to be extremely high, very high, high, or moderate in terms of occurrence while all the listed risk factors recorded a very high level of severity on the delivery of PPP-MHPs. The top ten (10) risk factors frequently associated with PPP-MHPs are non-availability of finance, high finance cost, non-involvement of the host community, poor execution of housing policies, corruption and lack of respect for law, wrong perception of housing need by low-income earners, Illegal title to land, land acquisition and site availability, level of demand for the mass housing projects and unstable value of local currency. The respondents differs significantly on 29 risk factors in terms of occurrence and 40 risk factors in term of severity. The study, therefore, recommends that risk management culture should be highly encouraged among the PPP Partners in the sector. The study intends to enumerate the rate of occurrence of some itemized risk factors and their severities on the delivery of PPP -procured mass housing projects in Nigeria and the need to bookmark these risk factors in ensuring the sustainability of the PPP mass housing scheme.

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“…This has expanded the range of housing types, uses and applications. According to Habitat for Humanity (2015) and Okwu et al (2017), construction is one of the most important requirements for human existence and plays an important role in the economic development of any nation. It is used to measure the standard of living of individuals and communities (Jiboye, 2009).…”

Section: Introductionmentioning

confidence: 99%

Construction stakeholders’ perception on sustainable housing development in Anambra State, Nigeria

Ezeokoli

Ehimioboh

Okoye

et al. 2023

EUR J SUSTAIN DEV RES

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The concept of sustainable development (SD) has been widely discussed and has gained theoretical importance over the years. Housing is an integral part of human development and as an important part of the built environment; it is therefore an important aspect of SD. However, it appears that the concept of SD in housing is misunderstood and neglected in practice, especially in developing countries, of which Nigeria is not exempt. Therefore, the study examined the perceptions of stakeholders in the construction industry on sustainable housing development (SHD) in Anambra State, Nigeria. The study was based on a survey using a questionnaire. A total of 372 questionnaires were distributed to the respondents out of which 283 were returned and found suitable for the study. The data collected was analyzed using the simple percentage and relative importance index. Hypothesis testing was done using the Kruskal-Wallis test. The study revealed that more than 90% of the respondents were aware of the concept of SD and SHD. However, the result of the hypothesis test shows that there is a significant difference between the responses of the project participants in terms of awareness and perception of the concept of SHD. This is because the concept is perceived as subjective, normative, and ambiguous and therefore neglected. It is therefore recommended that more education (in the form of sensitization, training, retraining and information) about SHD should be done by all stakeholders. This would help to improve existing knowledge about SHD in the implementation of housing projects.

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Housing and Economic Growth Nexus in Nigeria: Data Based Evidence

Cited by 3 publications

References 13 publications

Enhancing the Sustainable Supply Chain in Nigeria's Real Estate Sector: A Blockchain Perspective for Transparency and Traceability

Enhancing the Sustainable Supply Chain in Nigeria's Real Estate Sector: A Blockchain Perspective for Transparency and Traceability

Evaluation of the Incidences of Risk Occurrence and Severity in PPP-Procured Mass Housing Projects (PPP-MHPs) in Abuja, Nigeria

Construction stakeholders’ perception on sustainable housing development in Anambra State, Nigeria

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