ASSESSMENT OF INCREMENTAL HOUSING PROJECTS: A SEARCH LIGHT STUDY FROM AKURE, NIGERIA

Adefulire, T., Omole, F.K. and Gabriel, E.
Keywords: Incremental housing Developers Challenges Neighbourhoods and Infrastructure.
Clifford University International Journal of Development Studies (CLUIJODS) 2023 3(1), 8 -17. Published: December 2023

Abstract

This study investigates the dynamics of incremental housing in Akure, with a view to ascertaining the factors responsible for this decision and development. The objectives of the research include assessment of socio-economic characteristics and challenges encountered by developers of incremental houses in Akure. Number of buildings in the selected neighbourhoods was counted using GIS and IKONOS Imagery. Oba-Ile had 1013 buildings, Ijoka 413 buildings, Igoba 602 buildings and Orita-Obele 565 buildings. These amounted to 2,593 buildings and 15% of the buildings representing households were sampled. Frequency, percentages and mean value techniques were used for data analysis. Results revealed that majority of the residents in the neighborhoods were low income earners and had spent more than 10 years on the construction of their buildings. Findings on challenges encountered by housing developers revealed that, rising cost of land and low return on investment were the most significant challenges, while lack of planning regulations and scarcity of land with infrastructure were the least significant challenges. The paper recommends that government should design favourable policies for the masses, make housing loans accessible to masses and provide infrastructural facilities among others.