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

See all articles by Nnamdi O. Madichie

Nnamdi O. Madichie

School of Business, Law and Social Sciences, University of Abertay, Dundee

Okechukwu Madichie

Independent

Date Written: November 10, 2016

Abstract

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

Madichie, Nnamdi O. and Madichie, Okechukwu, Property Development and the Unresolved Housing Issue in Northern Nigeria (November 10, 2016). African Journal of Economic and Management Studies, Vol. 7, No. 4, pp. 568-591.. Available at SSRN: https://ssrn.com/abstract=2867329

Nnamdi O. Madichie (Contact Author)

School of Business, Law and Social Sciences, University of Abertay, Dundee ( email )

Bell Street
Dundee, DD1
United Kingdom

HOME PAGE: http://https://www.abertay.ac.uk/schools/school-of-business-law-and-social-sciences/

Okechukwu Madichie

Independent ( email )

No Address Available

Register to save articles to
your library

Register

Paper statistics

Downloads
24
Abstract Views
255
PlumX Metrics