CHAPTER 1
Shortage of adequate housing virtually abounds in every country, particularly in the developing and third world countries. The shortage, in both quantitative and qualitative terms, is more acute in theurban centres. Omojinmi (2000) observed that people that sleep in indecent houses in urban Nigeria are more than people who sleep in decent houses. Thus, it is assertive that there is inadequacy in housing to cope with the ever-increasing population in Nigeria (Arayela, 2003). The causes of this dearth in housing are numerous. High construction cost is found to be present in all countries, albeit in varying degrees of significance (Adedeji, 2007). Afolayan (1987) attributes the high cost of construction to rising cost of building materials, inflation rate in the economy, high space and quality standard adopted by designers, professional fees for housing design and construction, excessive profit of contractors and 10% interest payable on National Housing Fund in Nigeria (NHF).Cases of high cost of housing compared to the low salaries of civil servants in Nigeria could be seen in the sale of 2-bedroom bungalows at Otedola Estate in Lagos, which according to LSG (1999) was the cheapest obtainable and the subsequent sale of 2-bedroom flat at Ikorodu by LSDPC (Lagos State Development and Property Corporation) at N1.7 Million.The research intends to investigate the delivery of low income housing in Nigeria ;its challenges and prospect.
The inability of many Nigerian workers to afford good housing has grown to a greater dimension, the implication resulting in low morale and productivity. However in view of the significance of housing delivery it is pertinent that the issue of housing delivery beproperly addressed.The research intends to investigate the delivery of low income housing in Nigeria;its prospect and challenges
1. To appraise the nature of low income housing delivery in Nigeria
2 To determine the nature of the challenges of low income housing delivery in Nigeria
3 To appraise the prospect of low income housing delivery in Nigeria
The research shall provide an assessment of the challenges and prospect of low income housing delivery in Nigeria and shall serve as averitable source of information on low income housing delivery.
H1 The delivery of low income housing in Nigeria is high
H1 The challenges of low income delivery in Nigeria is high
3 H0 The prospect of low income delivery in Nigeria is low
H1 The prospect of low income delivery in Nigeria is high
The scope of the study is focused on the assessment of the delivery of low income housing in Nigeria .It analyzes the challenges and prospect of the delivery of low income housing in Nigeria.
NATIONAL HOUSING FUND DEFINED
The National Housing Fund (NHF) scheme came into being through an Act of the National Assembly (Act No.2 of 1992). National Housing Fund provided that 2.5% of the income of workers be paid to the fund as mandatory savings.
LOW INCOME EARNERS DEFINED
The Nigerian National Housing Policy (FGN, 2004) defines the low-income group as all employees and self-employed persons whose annual income is N100, 000:00 and below (i.e. the equivalent of salary grade level of 01-06 within the civil service). Interestingly, the national minimum wage is N44, 000. 00 per annum. About fifty-seven percent (57%) of the Nigerian population falls below the poverty line, which is on the average of US$1 per day (Wahab, 2006). In reality, most employees who work outside the public sector or outside the organized private sector, as well as many self-employed Nigerians earn well below the national minimum wage.
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