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CAUSES AND REMEDIAL MEASURE OF REACTIVATION OF ABANDONED BUILDING IN NIGERIA

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY

The rising tendency in Nigeria’s residential construction business displays numerous unfinished projects costing billions of naira in a reckless state of abandonment. Abandoned projects are those that have been started but have been abandoned for one reason or another. Client mortality, fraud, a lack of cash flow prediction, and other factors can contribute to project abandonment. These undertakings have social, economic, and physical ramifications. Regular assessments of work in progress should be conducted, offending contractors should be blacklisted, and the contract awarding process should be free of favoritism, among other suggestions. The following are some of the consequences of abandoning building projects: tying up finances and land spaces, additional costs associated with completing such projects, and prolonged construction.

STATEMENT OF PROBLEM

The rise in abandoned residential properties in Nigeria has become one of the country’s most serious problems in recent years. (Ayodele and Alabi, 2011; Kotangora, 1993; Osemenan, 1987; Ayodele and Alabi, 2011; Kotangora, 1993; Osemenan, 1987). The occupants of an abandoned residential building have left owing to poor infrastructure and upkeep, dilapidation, lack of security, or a natural calamity that has rendered the building uninhabitable. Abandoning residential homes and development projects entails the cessation of work on those properties with no intention of returning within the contract’s time frame. Many projects are abandoned in the middle of their development (Spelman, 1993). Given the capital-intensive nature of this project, it is critical to do a feasibility and viability analysis prior to implementing it.

OBJECTIVES OF THE STUDY

To ascertain the kind and extent of abandoned structures in Nigeria.

To discover the causes of abandoned building reactivation in Nigeria, as well as remedial measures.

RESEARCH QUESTIONS

What are the reasons for Nigeria’s abandoned buildings?

What are the reactivation measures for abandoned buildings in Nigeria?

SIGNIFICANCE OF THE STUDY

The study will provide an assessment of the causes and potential solutions for reactivating abandoned buildings in Nigeria.

The rise in abandoned residential properties in Nigeria has become one of the country’s most serious problems in recent years.

(Ayodele and Alabi, 2011; Kotangora, 1993; Osemenan, 1987; Ayodele and Alabi, 2011; Kotangora, 1993; Osemenan, 1987). The occupants of an abandoned residential building have left owing to poor infrastructure and upkeep, dilapidation, lack of security, or a natural calamity that has rendered the building uninhabitable. Abandoning residential homes and development projects entails the cessation of work on those properties with no intention of returning within the contract’s time frame. Many projects are abandoned in the middle of their development (Spelman, 1993). Because of the project’s high capital requirements.

RESEARCH HYPOTHESIS

Ho In Nigeria, the causes of abandoned buildings are few.

Hi The reasons for abandoned buildings in Nigeria are several.

Ho In Nigeria, the remedial measure of reactivating abandoned buildings is ineffective.

Hi In Nigeria, the remedial measure of reactivating abandoned buildings is effective.

SCOPE OF THE STUDY

The research examines the processes and remedial measures for reactivating abandoned buildings in Nigeria.

LIMITATION OF THE STUDY

The investigation was hampered by a number of factors, including logistical and geographical constraints.

DEFINITION OF TERMS

DEFINITION OF AN ABANDONNED BUILDING

The occupants of an abandoned residential building have left owing to poor infrastructure and upkeep, dilapidation, lack of security, or a natural calamity that has rendered the building uninhabitable. Abandoning residential homes and development projects entails the cessation of work on those properties with no intention of returning within the contract’s time frame. Many projects are abandoned in the middle of their development (Spelman, 1993).

REFERENCE

Abandonment of Construction Projects in Nigeria: Causes and Effects, E.O. Ayodele and O. M. Alabi, Journal of Emerging Trends in Economics and Management Sciences (JETEMS), Vol. 2, Iss. 2, pp. 142-145.

O. O. Kotangora, O. O. Kotangora, O. O. Kotangora, O. O. Kotangora, O. O. Kotangora, O. O. Kotang

B. O’Flaherty, B. O’Flaherty, B. O’Flaherty, B. O’Flaherty, B. O’Flaherty, B. O’Flaherty, B. O’Flaherty, B. O’Flaherty, B. O’Flaherty

I. Osemenan, Project Abandonment, New Watch Magazine, Vol. 1, pp. 15; Osemenan, I. (1987); Project Abandonment, New Watch Magazine, Vol. 1, pp. 15; Osemenan, I.

J.F. Jr. Schram, J.F. Schram, J.F. Schram, J.F. Schram, J.F. Schram, J.F. Schram, J.F. Schram, J.F. Schram, J.F

W. Spelman, W. Spelman, W. Spelman, W. Spelman, W. Spelman, W. Spelman, W. Spelman, W. Spelman, W. Spelman, W. Spelman, W. Spelman, W. Spelman, W. Spelman, W

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