THE SUSTAINABLE HOUSING FINANCE SUB-SECTOR; A PANACEA FOR ECONOMIC AND SOCIAL BENEFITS IN NIGERIA

Nwankwo, S.N.P (2018) THE SUSTAINABLE HOUSING FINANCE SUB-SECTOR; A PANACEA FOR ECONOMIC AND SOCIAL BENEFITS IN NIGERIA. GOUni Journal of Management and Social Sciences, 5 (2). ISSN 2550-7265

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Abstract

This study assessed the effects of sustainable housing finance sub-sector on economic and social development in Nigeria. This was done with emphasis on selected house construction density neighbourhood and institutions responsible for housing construction in Enugu State. Such housing construction density nieghbourhood includes; Ugwuaji Awkunanaw, Emene Nike, Ibagwa Nike Amaokpo Nike, Ugwuomu Nike, Akagbeugwu and Agbani nieghbourhood. Some registered professionals in house construction investigated are engineers, Architects, real estate developers, registered surveyors and builders to ascertain the extent of their involvements in sustainable housing finance for economic and social development in Enugu State. The specific objectives of this study were to (1) Determine the effects of Public- Private Partnership (PPP) on sustainable housing finance sub-sector. (2) Examine the affordability challenges on sustainable housing finance sub-sector and (3) ascertain how the involvement of professionals in the building construction industry impacted on sustainable housing finance sub-sector in Nigeria. Stratified random sampling technique was adoption to select staff and registered professionals in housing construction density neighbourhood in Enugu indispensable factor in the housing delivery system. This is because only a very few in most nations can afford to pay cash for a house (Agbola, 1998). Most other people must have to finance their house through loans, personal savings, assistance from relatives or friends and gifts. Majority of Nigerians fall into this latter category of informal housing finance. This housing finance system is prevalent among the low-income citizens, who relied on their meager savings, borrowing from friends and family members, gifts and sometimes from cooperative societies to erect their buildings.

Item Type:	Article
Subjects:	H Social Sciences > H Social Sciences (General) L Education > L Education (General)
Divisions:	Faculty of Management and Social Sciences
Depositing User:	GOUNI ICT
Date Deposited:	14 May 2018 15:12
Last Modified:	06 May 2019 08:01
URI:	http://eprints.gouni.edu.ng/id/eprint/75

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