Appraisal Of Modern Strategies For Housing Delivery

Appraisal Of Modern Strategies For Housing Delivery

Chapter One

Preface

Background To The Study

casing deficit is one of the most serious experimental challenges presently defying Nigeria. Stakeholders and assiduity operatives in erecting technology are amicable in their opinion that the process of casing delivery in Nigeria needs a change of strategy. In this study, the experimenter is examining ultramodern ways that could be explored to meet the nation’s casing deficiency which stands around 17million units( Akeju, 2012). Although Nigeria with a population of over 160 million people has been linked as the largest request in Africa for everything, including real estate, growing demand for decent sanctum has continued to meet slender force of casingunits.Over the times, consecutive governments in the country had tinkered with programs in a shot to achieve its mass casing ideal but due to lack of reasonable commitment to it, achieving the thing has remained fugitive( FRN, 2007). Experts who gave logical sapience into the problem of casing delivery in Nigeria called for a protestation of a state of exigency in the casing sector, saying innovative thinking and ultramodern strategies could bring about better issues that will enhance casing delivery process in the country. It’s a known fact that backing of casing systems remained one of the biggest problems in the sector that’s militating against casing delivery. Akeju( 2012) is of the opinion that the major issue in casing delivery is backing, getting applicable backing. There’s plutocrat flowing far and wide but the right type of plutocrat demanded for long term design like casing isn’t available. commodity that can really work for affordable casing can be akin to what the Federal Mortgage Bank offers which can not go round. ultramodern strategy in casing delivery in Nigeria will reiterates the government’s precedence to attack overcrowding and the ambitious target to reduce severe overcrowding in rented casing apartments( Bush, 2004). Alongside making backing available for larger homes, with at least advanced number of bedrooms, and a long- term commitment to deliver the familysized affordable homes should be linked in a strategic plan for casing delivery( Easton, 2006). There are numerous strategies demanded to grease massive casing deliveryin Nigeria but ultramodern and technologically- inspired large scale casing schemes – schemes and spots with thousands of casing units could play a significant part in the delivery of the large number of houses the Nigeriansneeds.Theexperience of the last 20 times suggests that the position of demand for new homes over the coming decade won’t be met by incremental incremental developments. In Nigeria moment, there’s a deficit of casing for low- income earners and constantly growing casing demands( due to increase in population) that aren’t met. Unfortunately, banks are reticent to give mortgage installations to low- income earners. In order to break the casing/ mortgage challenges faced by the Nigeria crowd, the Nigerian Mortgage Refinance Company( NMRC) was established to promote home power and increase the vacuity and affordability of mortgage loans toNigerians.In malignancy of the objectification of NMRC in June 24, 2013, not much has changed. The apathy of banks towards mortgage deals still lingers, understandably, because of the threat of dereliction. To buttress this, 66,402 Nigerians applied for mortgages during the recent Nigerian casing Finance Programme. Only 10,000 Nigerians were named. still, the interest rates by primary mortgage institutions that shared in the programme were intimidating(14.5-19). It’s suggested that a cue be taken from other countries where the cost of mortgage for first time home buyers are low, with small down payments and easy terms especially, a single number interest rate.

Statement Of The Problem

The problem of casing delivery is of great concern in numerous countries. This problem is especially prominent in Nigeria. The challenge as been magnified as a result of a myriad of issues, not least, a high population growth rate, deficit of necessary chops and disintegrated force chain. There’s need for Nigerian government and stakeholders in the structure assiduity to rise up to casing requirements of Nigerians in quality and volume. Some experimenters has supported other ultramodern styles of construction like dry construction has strategy to mass casing delivery. still, the experimenter is examining how ultramodern strategies can be used to insure that the casing need of Nigerians are met.

Objects Of The Study

The following are the objects of this study

1. To examine the ultramodern strategies that can be used for effective casing delivery.

2. To determine the effect of ultramodern strategies on casing delivery in Nigeria.

3. To dissect the factors hindering the use of ultramodern strategies in casing delivery in Nigeria.

Exploration Questions

1. What are the ultramodern strategies that can be used for effective casing delivery?

2. What’s the effect of ultramodern strategies on casing delivery in Nigeria?

3. What are the factors hindering the use of ultramodern strategies in casing delivery in Nigeria?

Significance Of The Study

The following are the significance of this study

1. outgrowth of this study will educate stakeholders in the structure assiduity, government and policy makers on the ultramodern strategies that can be used to break the problems of casing deficiency in Nigeria.

2. This exploration will also serve as a resource base to other scholars and experimenters interested in carrying out further exploration in this field latterly, if applied will go to an extent to give new explanation to the content

Compass/ Limitations Of The Study

This study on appraisal of ultramodern strategies for casing delivery in Nigeria will cover all the trouble and approaches of history and present government of Nigeria at diving the problem of casing deficiency in Nigeria. It’ll also cover the new approaches and strategies that can be used for mass casing development.

Limitation Of Study

Financial constraint-inadequate fund tends to stymie the effectiveness of the experimenter in sourcing for the applicable accoutrements , literature or information and in the process of data collection( internet, questionnaire and interview).

Time constraint- The experimenter will contemporaneously engage in this study with other academic work. This accordingly will cut down on the time devoted for the exploration work.