ABSTRACT
The
study was propelled by the need to have a deep assessment of how public sector
capital expenditure, housing finance and sustainable housing development have
impacted on the people, while assessing their implications on one of the
topical issues which is the rate of urbanization in Nigeria. It also looks at
extent of government involvement in housing finance and sustainable housing
development in Nigeria. The review of
extant literature reveals high rate of urbanization (45% urban population
ratio) with staggering implications on rent and slum formation. They were also
in accord on the multi-tier distorted mechanism of applying public capital spending.
Geographically Weighted Regression (GWR) methodology was adopted towards the
achievement of its objectives using annual secondary data. GWRs choice is because it attempts to capture
spatial variations by allowing the regression model parameters to change over
space. This undoubtedly will facilitate multi regional study of the housing
sector development efforts in the country. For objective one, the study finds PCS as having a positive significant impact on SHD in Nigeria. For
objective two, it was found that HFN has positive significant contribution of
about 50.499%
on SHD. For objective three, it was
found that PCS positive significant impact on UBD in Nigeria. For objective
four, it was revealed by the study’s results that HDV has positive and significant
impact on UBN in Nigeria. For objective five, it was found that when FML increases its investments on housing
development by ₦1billion, SHD in Nigeria would rise significantly by
about 20.52449%. Based on the foregoing, the study among other things
recommends that all tiers of government and their agencies
should strive to increase public
capital spending for more infrastructure and housing since it has a positive
significant impact on sustainable housing development. More housing finance should thus be encouraged to
help control the prevailing housing deficit in Nigeria while at the same time control for
the adverse of urban
sprawl.
MICHAEL, U (2023). Public Capital Spending, Housing Finance And Sustainable Housing Development: Implications For Urbanization In Nigeria. Mouau.afribary.org: Retrieved Oct 09, 2024, from https://repository.mouau.edu.ng/work/view/public-capital-spending-housing-finance-and-sustainable-housing-development-implications-for-urbanization-in-nigeria-7-2
UNIVERSITY, MICHAEL. "Public Capital Spending, Housing Finance And Sustainable Housing Development: Implications For Urbanization In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 27 Jun. 2023, https://repository.mouau.edu.ng/work/view/public-capital-spending-housing-finance-and-sustainable-housing-development-implications-for-urbanization-in-nigeria-7-2. Accessed 09 Oct. 2024.
UNIVERSITY, MICHAEL. "Public Capital Spending, Housing Finance And Sustainable Housing Development: Implications For Urbanization In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 27 Jun. 2023. Web. 09 Oct. 2024. < https://repository.mouau.edu.ng/work/view/public-capital-spending-housing-finance-and-sustainable-housing-development-implications-for-urbanization-in-nigeria-7-2 >.
UNIVERSITY, MICHAEL. "Public Capital Spending, Housing Finance And Sustainable Housing Development: Implications For Urbanization In Nigeria" Mouau.afribary.org (2023). Accessed 09 Oct. 2024. https://repository.mouau.edu.ng/work/view/public-capital-spending-housing-finance-and-sustainable-housing-development-implications-for-urbanization-in-nigeria-7-2