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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
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.
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