Housing policy in Nigeria: towards enablement of private housing development

Real Estate Investment as a Panacea for Economic Instability in Nigeria: Evidence from Northeastern States of Nigeria

“…But study by [39] suggested that housing provision cannot be realized only by private individual excepts through government intervention. However, this assertion is against [3,6,30,32]. Relatively, the outcomes of this research revealed that real estate investment has opportunity of providing employment to many unemployed youth this proclamation is in agreement with the work of [21].…”

Motives and Motivation for Implementation of Public Private Partnerships (PPPs) in Housing Provision in Nigeria

“…Findings of some studies (Mustapha, 2002;Gana, 2002) offered an insight to the failure of these housing programs to include, poor funding, lack of proper organisation, inappropriate strategies, bureaucracy, politics and mismanagement of resources as well as the high cost of housing, the problems were articulated to by political, economic, organisation, environmental, and social problems. However, as noted by several Scholars (Awotona, 1990;Ogu and Ogbuozobe, 2001;Kabir, 2004) these intervention strategies and programs recorded modest achievement in providing subsidized housing for middle and high-income civil servant and individuals. Thus, from the foregoing, the previous government intervention strategies in addressing housing shortfall in Nigeria had followed an elitist orientation against the socio-economic context of the country where over 60% of the population and 80% of the urban population are low-income earners.…”

Market Efficiency and Government Intervention Revisited: What Dorecent Evidence Tell Us?

“…For an example, when house rent became unaffordable in Abuja and Lagos of Nigeria, the government had to introduce the "Housing for all'' policy targeted at low income earners. Ogu and Ogbuozobe (2001)point to the fact that affordable houses where not available and available houses where not affordable; the market failed. Le Grand, Propper et al (2008)explained that when certain assumptions such as perfect information and complete market for all goods and services are met, the free market system would produce efficient allocation of resources, a reason is self-interest behaviour; consumers are rational and would not pay more than the marginal benefit they derive from consuming a good and producers seek to maximise profit and would not sell a good for less than the marginal cost price.…”