Property Development and the Unresolved Housing Issue in Northern Nigeria
African Journal of Economic and Management Studies, Vol. 7, No. 4, pp. 568-591.
25 Pages Posted: 10 Nov 2016 Last revised: 13 Nov 2016
Date Written: November 10, 2016
Purpose - The purpose of this paper is to highlight the challenges of property development and management in northern Nigeria drawing upon the experiences of Bauchi, Gombe and Kaduna states.
Design/methodology/approach - Based on a longitudinal evaluation of these trends and challenges, this study draws upon a literature review and practitioner insights on property investment efforts in northern Nigeria. It also benefits from insider accounts related to the author’s 20-years’ experience of work both in both Nigeria and the UK.
Findings - The study highlights the salient factors that have brought about the housing challenges in northern Nigeria. Arguably poor property development and management initiatives have had direct correlations with the weak property management practices in these states and thereby further restricted investments in the real-estate sector in northern Nigeria.
Research limitations/implications - The limitations of the study are based on those attributable to personal observation and ethnographic studies as adopted in this case. This impacts upon the generalisability of the findings, however, sound the propositions may be. Areas for future research inquiry are also proffered.
Originality/value - The study is a critical reflection of developments in property management taken from the purview of the Nigerian real-estate market. While primarily a viewpoint paper, it does highlight some of the key challenges facing property management in a manner not previously discussed in the literature.
Keywords: Property management, Northern Nigeria, Real-estate investment trust (REITs), Asset securitization
JEL Classification: H490, R31, R33
Suggested Citation: Suggested Citation