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Low-cost housing provision in Nigeria – an institutional failure and call for action

Eku, A; Ali, MB

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Authors

A Eku



Abstract

Sixty years after independence in 1960, Nigeria is still struggling to establish a vibrant mortgage market. The conventional methods of providing housing through purchasing land and buildings can often take an entire lifetime without the benefits of mortgage finance. It is vital for government to come up with solutions that will provide the Nigerian people with low-cost and affordable housing. This study aimed to address these challenges and come up with viable solutions based on the perceptions of both primary mortgage institutions and real estate developers. The results indicate a series of alarming challenges ranging from high interest rates on loans for housing construction to poorly implemented contracts and policies. This indicates key reforms are still required in order to ease identified challenges and ensure sustainable housing for the ensure.

Citation

Eku, A., & Ali, M. Low-cost housing provision in Nigeria – an institutional failure and call for action. Presented at British Academy of Management 2020 Conference in the Cloud: Innovating for a Sustainable Future, Virtual

Presentation Conference Type Other
Conference Name British Academy of Management 2020 Conference in the Cloud: Innovating for a Sustainable Future
Conference Location Virtual
Publication Date Aug 11, 2020
Deposit Date Mar 2, 2023
Publicly Available Date Mar 2, 2023
Publisher URL https://www.bam.ac.uk/resource/get-ready-for-bam2020-in-the-cloud--conference-virtual-platform-and-app-are-now-live-.html
Additional Information Event Type : Conference

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