Housing Deficit Attenuation Through Market-Oriented Polycentric Management: Evidence from Nigeria

With a household renumeration of 39 million, 2.6% annual population growth rate, the over 17 million housing deficit in Nigeria is colossal, and remarkably unsustainable. Public housing providers in Nigeria have approached the scourge through a plethora of economic, financial and social strategies that have been proclaimed ineffective from various empirical standpoints. This paper investigates the market-oriented polycentricity of housing deficit attenuation in Nigeria. Survey method was employed on a sample frame of 384 public housing providers. Data was collected using a Market Orientation and Service Performance modelled questionnaire. Hypotheses testing employed Wilcoxon Signed Rank-Test and Spearman Rank Order Correlation. Results indicate that public housing delivery in Nigeria has not followed a market-oriented polycentric approach. The study recommended a consideration of this in the delivery of public housing, while advocating for the development of a Stakeholder Identification Framework for sustainable public housing delivery. Keywords: Housing deficit, Housing delivery, Polycentric management, Market orientation, Stakeholder identification, Demography management DOI: 10.7176/DCS/10-3-05 Publication date:March 31st 2020

Sustainable Development Through Green-Themed Environmental Impact Assessment: Lessons for Developing Countries

In this study, we used Geographic Information System and remote sensing to explore the stimulation of sustainable development through “Green-Conscious” Environmental Impact Assessment of industrial projects. Despite the global clamour for sustainable development as panacea for recent climatic concerns; sustainable development initiatives like Nano and green technologies are not highlighted in key Sections of the Nigerian EIA Act. The study adopted time series of 16-day composite Moderate Resolution Imaging Spectroradiometer 250m resolution NDVI data (MOD13Q1) covering South West, Nigeria between 2002–2017. We conclude that Nigeria cannot attain sustainable development if relevant laws are not amended to include sustainability initiatives. Keywords: Sustainable Development; Going-Green; Environmental Impact Assessment; EIA; Industrial Projects, Nanotechnology DOI: 10.7176/JEES/10-5-06 Publication date:May 31st 202

Sustainable Public Housing Delivery in Nigeria: A Conceptual Stakeholder Management Model

In this study, we introduce a conceptual Housing Stakeholder Management Model that transforms institutional attitudes towards sustainable housing delivery. The essence is to promote a sustainability culture in housing delivery that meets safety and affordability needs of the majority. This exploratory study utilized data from 385 real estate professionals and policy makers. Data was analyzed qualitatively with Scissor-Sort Technique and TEXTPACK, and quantitatively with One-Sample Kolmogorov-Smirnov Test and Spearman Correlation. The findings advance the Model’s effectiveness in identifying stakeholder interests and establishment of a sustainability framework of engagement. Strength, Weakness, Opportunity, and Threat analysis was used in validating the Model. Keywords: Stakeholder Management; Stakeholder Management Model; Sustainable Housing               Delivery; Social Responsibility Management; Public Housing DOI: 10.7176/JESD/11-10-05 Publication date:May 31st 202

Affordable Housing Ambidexterity of Real Estate Investment Trusts: SWOT Analysis for N-REITs

Symmetric movements of real estate investment trust (REIT) capitalization and affordable housing deficit in Nigeria fuelled the motivation of the study on analyzing the implications of an affordable housing ambidexterity of REITs in Nigeria (N-REITs). The focus on REITs was informed by the unsustainable growth in the deficit statistics of affordable housing in Nigeria which implies a think-outside-the-box search for financing panacea. Indeed, there seems a paucity of empirical and practical evidence of such ambidextrous diversification for N-REITs, so the study was aimed at conducting a strength, weakness, opportunity and threat (SWOT) analysis of affordable housing ambidexterity of N-REITs. Survey research method was employed on a sample frame of housing delivery stakeholders. Sample size of 369 was determined using Freund and Williams formula, while the research instrument was a self-administered e-questionnaire. Data was obtained from primary sources, and further subjected to descriptive analysis. The study found that professional investment management competency was the most dominant strength, 10% investable income was the most significant weakness, significant room for rise in market share was the most significant opportunity, while effect of systematic risk on sustainability planning was the most significant threat to N-REIT ambidexterity towards affordable housing investment in Nigeria. The study concluded that the professional investment management quality of REITs, in comparison with non-listed direct real estate companies would envisage a robust and sustainable contribution to increase in affordable housing stock in the country. It was recommended that management of N-REITs should leverage on their professional investment management strengths to explore blue ocean strategies for an ambidextrous attitude that enhances the growth and sustainability of affordable housing units, in addition to the employment of risk analysis, management and mitigation strategies to limit the effect of volatilities from macroeconomic risks. Keywords: Housing affordability, Housing deficit, Housing financing, REITs, REIT ambidexterity, SWOT analysis. DOI: 10.7176/EJBM/13-12-02 Publication date:June 30th 202