Browsing by Author "Ojetunde Ismail"

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An Assessment of the Impact of Public Infrastructure on Residential Property Values in Minna
(Joint International Conference Editorial Committee, 2016) Ayoola Adeyosoye Babatunde; Ojetunde Ismail; Kemiki Olurotimi Adebowale; Popoola Naomi
This study provides evidence on the value capitalization effect of public infrastructure in Minna. It employs rental transactions and datasets constructed from various secondary sources to provide information on geometric and spatial distribution of 4 groups of public infrastructure. Due to aggregation bias in these data sets, we utilize the quartile procedure to construct aggregate indices which capture the effect of the different infrastructure stock component but not infrastructure quality. The quartiles were used to compute location quotients for 12 a priori neighbourhoods, hence providing the basis for grouping and classifying neighbourhoods into low and high infrastructure neighbourhoods. A tenable statistical justification for this neighbourhood split by infrastructure is the Hodges-Lehman point estimate of shift (Δ) at 95.89 confidence level which is (−3.234,−11.072,−0.339) which revealed that the two classified neighbourhoods (low and high) are different. Findings revealed that geometric and spatial distribution of infrastructure is reasonably uneven across the study area. In addition, marked variability exists in quality of infrastructure between low and high-infrastructure neighbourhoods based on respondents‘ perceptual rating. The conjecture that high-infrastructure neighbourhoods have higher residential property values in contrast with that associated with low-infrastructure neighbourhoods was also found to be plausible. The capitalization effect of public infrastructure is evident in a falling market: high-infrastructure neighbourhoods significantly outperformed low-infrastructure neighbourhoods by N 14470, while in period of soaring property value, high-infrastructure neighbourhoods command N 57305.60 more than the low-infrastructure neighbourhoods. These findings have substantial implications for optimal location of public infrastructure and its capitalization into urban residential property value. To maximize this capitalization effect, policy makers and planners must efficiently allocate public infrastructure across space.
Building a Modern Land Administration System in Nigeria
(School of Environmental Technology Federal University of Technology Main Campus, Gidan Kwano, Minna, Niger State, Nigeria, 2016) Kemiki Olurotimi Adebowale; Ayoola Adeyosoye Babatunde; Kuma Shien Stephen; Ojetunde Ismail; Fabunmi Foluke Olanike
Land administration is a significant framework for the management of any nation’s pool of resources and has remained one of the most chatted discourses among urban issues in many developing countries. This paper examines the issues in land administration in Nigeria and other developing countries, looking at the various administrative and legal frameworks in place for an efficient land delivery system. The land administration system in Nigeria is plaque by challenges spanning from policy, institutional and legal frameworks to technical and operational issues which have direct impact on implementation. These challenges emanated from some of the import ideologies that adjustments could not be made upon. The study recommends the reform of policies and the creation of a local integrated land administration system model (LAS) that will accommodate our country peculiarities. Also the development and sustenance of an ICT based professionals and infrastructure that will enhance efficiency in the land information system.
Community participation in slum upgrading: A key to attainment of inclusive city
(Community Participation Research Group (COPAREG), Federal University of Technology, Minna, Nigeria, 2018) Popoola Naomi Ijadunola; Ojetunde Ismail; Kemiki Olurotimi Adebowale; Ayoola Adeyosoye Babatunde
Urban population explosions in the developing world have been attributed to proliferation and formation of slum particularly as a result of disproportionate provision of basic infrastructure. Infrastructure provision and maintenance has remained one of the major challenges facing the cities, most especially the slum settlements in the developing countries of the world. Inadequate financial resources in tackling many urban challenges have led to partial withdrawal of government from providing and maintaining basic neighbourhood infrastructure in the cities. It is therefore very evident that inclusive city cannot be achieved without effective community participation. It is in view of this that this study examined challenges facing slum settlements, benefits and shortcomings of residents’ participation in upgrading projects and framework for sustainable community participation upgrading project. The study concluded that the meagre community resources of slum dwellers in the face of economic recession are not sufficient to meet the development need of the slum, especially in the area of infrastructure refurbishment. The study, amongst others, recommended adoption of community-driven development approaches in upgrading projects in poor urban communities and adequate resource allocation to projects as effective tools for achieving social inclusion and attainment of desired inclusive city.
Critical Factors Contributing to Rent Arrears in Residential Properties in Minna, Nigeria
(European University of Lefke, Cyprus, 2018) Kemiki Olurotimi Adebowale; Ayoola Adeyosoye Babatunde; Ojetunde Ismail; Ogunbajo Rukayat Adeola; Kuma Shien Stephen
Optimum return appears to be a tangible motive of investors of real estate investments. This motive over the years has been bedevilled by rent defaults by renters of properties in the property sector. This situation, to Property Managers and their Principals is worrisome. It is on this basis that this study attempts to assess the factors influencing rent arrears in Minna residential property market. The study employs data on various aggregate factors such as management subsystem, economic factors, tenancy arrangement, dwelling unit features and external household attributes influencing rent payments. Cluster random sampling was used to administer questionnaire to renters of residential properties in Minna while simple random and purposive sampling techniques were used to administer questionnaires to property managers. Kendall Coefficient of Concordance and Chi-Square were statistical tools used. The result revealed that W = 0.601 which indicated a statistical evidence of a fair association in the ranking of the factors responsible for rent in arrears, while the average rank correlation of factors between all possible pairs of the towns rs = 0.521 indicating a weak agreement to the identified factors. There was evidence of variation among the factors responsible for rent arrears across the areas and the study also found there is no relationship between income level of renters and type of residential accommodation occupied. The implication of the study is that renters develop practical habit that discipline their finances and prioritize the scale of preference to live below their income level.
Determinants of Residential Property Location Choice of Tenants in Bosso and Chanchaga Local Government Areas of Minna, Nigeria
(Faculty of Technology, Obafemi Awolowo University, Ile-Ife, Nigeria, 2020) Ayoola Adeyosoye Babatunde; Kemiki Olurotimi Adebowale; Popoola Naomi Ijadunola; Ojetunde Ismail; Oyedele J B
This study investigates the determinants of residential location choice in Bosso local government area (LGA) and Chanchaga local government area (LGA) of Minna, Niger State, Nigeria. Structured questionnaires were administered on tenants who are household heads in the study area to weigh 15 factors that influence their choice of current homes. The discriminant function analysis was employed. The empirical results exhibit statistically significant and largest discriminant loading of factors such as availability of fence wall and large floor area of apartment (dwelling attributes) and location of property in a particular neighbourhood (neighbourhood attribute) as the determinants of residential location of tenants in the study area. The study therefore recommends that all stakeholders in residential property sector in the study area should ensure that building accommodation details are allocated adequate space to meet the needs of tenants and buildings are fenced before offer for letting. The study also recommends that policy makers and planners should ensure that efforts are geared toward restructuring of the unplanned neighbourhoods in Bosso and Chanchaga local government areas (LGAs) whilst maintaining and improving the available facilities and services in planned neighbourhoods. These to a great extent will proportionately enhance satisfaction and shape the residential location decisions of tenants resulting in maximum investment returns to all residential property investors across all the neighbourhoods in Minna.
Housing Affordability by Federal Civil Servants in Minna, Nigeria: Emerging Issues.
(Canadian Centre of Science and Education, 2015) Ogunbajo A. Rukaiyat; Suleiman Yakubu; Fabunmi O. Foluke; Ojetunde Ismail
In Nigeria, the 1999 constitution recognises housing as a fundamental human right; hence it is imperative that Nigerians have access to decent and comfortable accommodation at affordable costs. This study examined housing affordability by Federal Civil Servants in Minna by analysing the average annual emoluments of federal civil servants and the annual rental values of houses occupied by them, and subsequently established the percentage of annual income spent on rent. A total of 200 federal civil servants spread across all grade levels were sampled. Simple descriptive statistic, likert scale, relative index and pearson product moment correlation were used to analyse collected data. Findings showed that federal civil servants in the study area spend between 7.3% and 23.8% of their annual income on rents. The study also revealed that civil servants’ level of income having a relative index of 0.96 is the major factor influencing the choice of residential accommodation by federal civil servants in the study area. It further revealed a strong positive correlation between their annual income and rental values of residential properties occupied by them. The sampled respondents expressed varied levels of satisfaction with the houses they occupy, with as much as 59% being unsatisfied with their rented housing units; these were attributed to poor housing quality, small sizes of housing units and densely populated neighbourhoods, among others. Housing Affordability Index was also adopted and used to determine housing affordability levels in the study area. The study recommended a home ownership scheme to enable federal civil servants purchase or build their own houses and pay conveniently because all respondents desired to own their own houses.
The Impact of Noise and Dust Level on Rental Price of Residential Tenements around Lafarge Cement Factory in Ewekoro Town, Nigeria
(Bahir Dar University, Ethiopia, 2014) Kemiki Olurotimi Adebowale; Ojetunde Ismail; Ayoola Adeyosoye Babatunde
This study employed hedonic pricing model to investigate the impact of noise and dust spewed from a cement factory on a sample of 126 tenements from 11 residential settlements within Ewekoro local housing market in Nigeria. Market-wide hedonic model for all the 126 tenements within 5.5km of the cement factory) was estimated. In addition, two separate unrestricted hedonic models were also estimated (the first consisting of 38 tenements within 2.5km of the factory and the other comprising 88 tenements located between 2.5km to 5.5km of the factory). The hedonic models which take the doublelog functional form were estimated with house rent (a proxy for house price) as the dependent variable. Generally, the results of the market-wide model revealed that, dust level and noise, which are negative externalities from the cement factory dampen rent by 21.90% (N 13815) and 1.49% (N 24.80) respectively within the study area. Findings from the unrestricted models further signify that tenement rents tend to decrease with increasing distance to Lafarge cement factory due to severity of dust and noise. As panacea to this problem it is recommended that government should provide policy response - the introduction of effluent fees which would force the cement and other manufacturing companies to internalize their externalities by paying for noise and dust pollution. The basic objective of such policy response is for manufacturing companies to move to the use of energy efficient and eco-friendly plants that generate less noise and dust in their production operations. On the other, the cement company should also imbibe Corporate Social Responsibility (CSR) as part of its efforts in providing a sustainable living environment for the residents in Ewekoro town.
Urbanization and Peri-Urban Development in Minna, Nigeria
(School of Environmental Technology, Federal University of Technology, Minna, Nigeria, 2017) Popoola Naomi Ijadunola; Ojetunde Ismail; Kemiki Olurotimi Adebowale; Ayoola Adeyosoye Babatunde