Government Finance and Housing Delivery of Selected Local Governments in Ogun State, Nigeria
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Date
2023-07
Journal Title
Journal ISSN
Volume Title
Publisher
LCU
Abstract
The problem of housing globally became aggravated after the scourge of Covid 19 in 2020. Mainly
affected are the increasing low-income earners in developing countries struggling with over population
without a corresponding housing supply and stable mortgage programme. This made it imperative to
study the phenomenon of housing deficit in Ogun State. The objective of this study is to look at the nexus
between housing deficit vis a vis housing delivery and government finance in Sagamu, Ijebu Ode, Ado
Odo Ota and Abeokuta south local governments in Ogun State. The study adopted the exploratory
research design and descriptive research design, using both primary and secondary data. Using the
convergence theory that argues that its the state solely fiduciary duty to solve housing problems, the
study discovered that majority of the respondents lived in houses not befitting for humans, this is
because successive governments have consistently neglected growth in population in formulating
housing policy because this mainly affects the low income earners. The study recommended a template
for proper statistical data on birth rate, middle/low income earners, increased budgetary allocation for
housing delivery, construction of low-cost houses that are affordable by the lower class. It concluded
that there should be sincerity on the part of the state government and this must begin with judicious
spending and accountability of the monthly budget on housing delivery which must not only be
affordable but also accessible to low income earners in the state.
Description
Keywords
Housing Deficit, Housing Affordability, Housing Finance, Housing Delivery