Public Capital Spending, Housing Finance And Sustainable Housing Development: Implications For Urbanization In Nigeria

Michael Okpara University | 143 pages (45810 words) | Dissertations

ABSTRACT

The study was propelled by the need to have a deep assessment of how public sector capital expenditure, housing finance and sustainable housing development have impacted on the people, while assessing their implications on one of the topical issues which is the rate of urbanization in Nigeria. It also looks at extent of government involvement in housing finance and sustainable housing development in Nigeria.  The review of extant literature reveals high rate of urbanization (45% urban population ratio) with staggering implications on rent and slum formation. They were also in accord on the multi-tier distorted mechanism of applying public capital spending. Geographically Weighted Regression (GWR) methodology was adopted towards the achievement of its objectives using annual secondary data.  GWRs choice is because it attempts to capture spatial variations by allowing the regression model parameters to change over space. This undoubtedly will facilitate multi regional study of the housing sector development efforts in the country. For objective one, the study finds PCS as having a positive significant impact on SHD in Nigeria. For objective two, it was found that HFN has positive significant contribution of about 50.499% on SHD. For objective three, it was found that PCS positive significant impact on UBD in Nigeria. For objective four, it was revealed by the study’s results that HDV has positive and significant impact on UBN in Nigeria. For objective five, it was found that when FML increases its investments on housing development by ₦1billion, SHD in Nigeria would rise significantly by about 20.52449%. Based on the foregoing, the study among other things recommends that all tiers of government and their agencies should strive to increase public capital spending for more infrastructure and housing since it has a positive significant impact on sustainable housing development. More housing finance should thus be encouraged to help control the prevailing housing deficit in Nigeria while at the same time control for the adverse of urban sprawl. 

 

 

 

 

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APA

MICHAEL, U (2023). Public Capital Spending, Housing Finance And Sustainable Housing Development: Implications For Urbanization In Nigeria. Repository.mouau.edu.ng: Retrieved Apr 23, 2024, from https://repository.mouau.edu.ng/work/view/public-capital-spending-housing-finance-and-sustainable-housing-development-implications-for-urbanization-in-nigeria-7-2

MLA 8th

UNIVERSITY, MICHAEL. "Public Capital Spending, Housing Finance And Sustainable Housing Development: Implications For Urbanization In Nigeria" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 27 Jun. 2023, https://repository.mouau.edu.ng/work/view/public-capital-spending-housing-finance-and-sustainable-housing-development-implications-for-urbanization-in-nigeria-7-2. Accessed 23 Apr. 2024.

MLA7

UNIVERSITY, MICHAEL. "Public Capital Spending, Housing Finance And Sustainable Housing Development: Implications For Urbanization In Nigeria". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 27 Jun. 2023. Web. 23 Apr. 2024. < https://repository.mouau.edu.ng/work/view/public-capital-spending-housing-finance-and-sustainable-housing-development-implications-for-urbanization-in-nigeria-7-2 >.

Chicago

UNIVERSITY, MICHAEL. "Public Capital Spending, Housing Finance And Sustainable Housing Development: Implications For Urbanization In Nigeria" Repository.mouau.edu.ng (2023). Accessed 23 Apr. 2024. https://repository.mouau.edu.ng/work/view/public-capital-spending-housing-finance-and-sustainable-housing-development-implications-for-urbanization-in-nigeria-7-2

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