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| Title: | Housing subsidy, mortgage, default and housing project replicability in Nigeria: a case study of the public housing delivery system |
| Authors: | Agbola, Tunde Olatubara, C.O. |
| Year: | 1989 |
| Periodical: | African Urban Quarterly (ISSN 0747-6108) |
| Volume: | 4 |
| Issue: | 1-2 |
| Period: | January-May |
| Pages: | 90-96 |
| Language: | English |
| Notes: | biblio. refs. |
| Geographic terms: | Nigeria West Africa |
| Subjects: | housing subsidies Economics and Trade Urbanization and Migration Economics, Commerce housing policy Subsidized housing mortgages government policy |
| Abstract: | The use of heavy subsidy to provide housing units for a small group of Nigerians has always been criticized as being inimical or obstructive to housing replicability in Nigeria. However, so far Nigeria's policymakers have not found it politically expedient either to reduce heavy subsidy in housing provision or recover costs. Consequently, the level of mortgage default has become scandalously high in some instances, due mainly to the absence of a well-thought-out cost-recovery mechanism. This paper discusses the findings of recent research in this area. Data were collected between May and August 1987 from nine federal government low-cost housing estates in three States (Oyo, Ogun, and Lagos) which perhaps have the greatest housing problems. The paper concludes with a call for a virile cost-recovery mechanism. Only when costs expended on one estate become rotational and useable for the construction of other housing projects can the goal of 'housing for all' be a realistic one. App., note, ref. |