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Infrastructural Development, Real Estate Agency Rebranding And Review Of National Housing Policy
[A CASE STUDY OF THE ROAD MAP FOR RAPID ECONOMIC DEVELOPMENT OF NIGERIA]
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Prior to the millennium, the policy of ‘housing for all in year 2000’
was formulated. This policy was rigorously pursued, but it was besieged
by administrative bottlenecks which made the policy difficult to be
realized by the year 2000. Nevertheless, in year 2002, the Housing and
Urban Development Policy was formulated. This policy was meant majorly
to correct the inconsistencies of the Land Use Act as well as to allow
land banking and ownership to operate in a free market economy. The post
military era has been able to witness tremendous improvement in the
Nigerian housing situation (Akeju, 2007). However, the federal
government policy on monetization and privatization are negating the
objectives of housing policies and progammes. Other constraints to
housing development and delivery in Nigeria are poverty, high cost of
building materials, inadequate financial instruments for mobilization of
funds, short maturity preference of lending institution, high rate of
rural-urban migration, as well as high rate of poverty (Kabir, 2004).
Infrastructural development through mass housing delivery in Nigeria
will significantly boost the economy of the nation.
1.2 STATEMENT OF THE PROBLEM
Agbola
(1998) noted that the effort of the government in terms of the
formulation and implementation of the National Housing Policy is quite
commendable. On the other hand, he opined that the efforts have not
shown remarkable improvement in the status quosince many Nigerians are
still homeless while up till this time, many are living in dingy and
ramshackle structures. Another major criticism of the policy lies in the
area of monitoring, evaluation and review. An housing policy is derived
from laws, regulations and administrative practices that can aid the
production and delivery of housing. However, the researcher is of the
opinion that infrastructural development e.g. good housing can only be
achieved through crops of professional real estate agents.
1.3 OBJECTIVES OF THE STUDY
The following are the objectives of this study:
To examine the level of infrastructural development in Nigeria.
To determine if real estate agency rebranding can contribute to economic growth.
To identify the effects of national housing policy on infrastructural development in Nigeria.
1.4 RESEARCH QUESTIONS
What is the level of infrastructural development in Nigeria?
Can real estate agency rebranding contribute to economic growth?
What are the effects of national housing policy on infrastructural development in Nigeria?
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