Browsing by Author "Adesola Funlola DADA"

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    Appraising Land Banking and Development Practice for Housing Development in Southwest Nigeria
    (Lead City University, Ibadan, 2025-12) Adesola Funlola DADA
    This study appraised land banking and development practices among Private estate developers in South-west Nigeria, with a view to provide insights that can enhance sustainable land management. While some studies have been carried out on driving forces behind land speculators, effect of land banking on property values and housing affordability in metropolitan areas in some regions, attention has not been paid to Land Banking and Development Practices among Private Estate Developers in Lagos, Ogun and Oyo. The main objective was to investigate the conduct and strategies of private estate developers in the south western part of Nigeria with an emphasis on how land banking drives housing development and its socioeconomic and environmental implications. The study used a mixed- method research methodology, combining quantitative and qualitative methodologies to obtain comprehensive data. The sample of 200 respondents investigated consisted of private estate developers and residents in the study area, and structured questionnaires and interviews were used to gather data. Significant gaps in the research about the activities of private estate developers were shown by the findings, especially their preference for luxury residences over reasonably priced options for those with lower incomes. Findings from the research also showed that the three main land banking strategies used by private developers are gradual development, strategic land holding and long term land acquisition. Also, the study showed that Nigeria’s land use regulations are still disconnected, poorly applied and difficult to navigate. Despite the prevalence of land banking strategies, the analysis showed that not much is known about how they affect housing development and socioeconomic status. Three hypothesis were formulated and tested and all 3 upheld the null hypothesis showing that there is no significant impact of land banking on the environment, housing development and socioeconomic activity. The study emphasized the need for a more equitable housing development strategy that takes into account the requirements of every class of income. The study concluded by highlighting the need for legislative measures that support affordable housing options and encourage private estate developers to adopt more inclusive standards. It recommended further research into the long-term effects of land banking on housing affordability and urban development in South-west Nigeria. By providing actual data on the relationship between land banking and housing development, the study contributes to the existing body of knowledge and provides valuable information to players in the built environment sector. Finally, it advocated for a shift toward sustainable and equitable housing development options that could meet the region's critical housing requirements. Keywords: Land Banking, Private Estate Developers, Housing Development, Socio- economic Impacts, Southwest Nigeria. Word Count: 411