Adopting and Adapting Land Swap Models toward Boosting Urban Housing Stock in Nigeria

• Author(s): Agwu, Kenneth ; Udobi, Alexander Nnamdi
• Paper ID: 1702596
• Page: 16-22
• Published Date: 13-02-2021
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 4 Issue 8 February-2021

Abstract

This study examines the possibility of adopting and adapting land swap models toward boosting urban housing stock in Nigeria. Over the years, housing crisis has been one of the most disturbing socio-economic problems facing urban centres in Nigeria and in the world. It is estimated that over four point seven trillion naira is required every year to provide adequate housing to Nigerian city dwellers, to stem the tide of nearly twenty million housing units required to fill the gap of housing in Nigeria. Reason being that cost of providing infrastructure is on the increase; hence, government alone cannot do it. One way out of the trouble is to allow the participation of the private sector in joint venture business. Since private sector often find it hard to access development land, government, which is the custodian of land, can elect to make land available while the private sector partner funds the relationship that ensues to produce affordable housing. However, this study appraises different models of the concept and recommends the adoption and adaption of the suitable model for housing provision in the country.

Keywords

Land, Swap model, Housing Stock. Adopting and adapting land, Urban Housing

Citations

IRE Journals:
Agwu, Kenneth , Udobi, Alexander Nnamdi "Adopting and Adapting Land Swap Models toward Boosting Urban Housing Stock in Nigeria" Iconic Research And Engineering Journals Volume 4 Issue 8 2021 Page 16-22

IEEE:
Agwu, Kenneth , Udobi, Alexander Nnamdi "Adopting and Adapting Land Swap Models toward Boosting Urban Housing Stock in Nigeria" Iconic Research And Engineering Journals, 4(8)