The Problem Associated With Rural Housing Finance” A Case Study Of Alapa Town, Ilorin East Asa Local Government Area.

Description

TABLE OF CONTENT

COVER PAGE

APPROVAL PAGE

DEDICATION

ACKNOWLEDGEMENT

TABLE OF CONTENT

1.0       INTRODUCTION

1.1       BACKGROUND OF THE STUDY

1.2       STATEMENT OF THE PROBLEMS

1.3       AIM AND OBJECTIVES

1.4       SIGNIFICANCE OF THE STUDY

1.5       SCOPE OF THE STUDY

1.6       LIMITATION OF THE STUDY

1.7       STUDY AREA

1.8       DEFINATION OF TERMS

CHAPTER TWO

2.0   LITERATURE REVIEW

2.1   INTRODUCTION

2.2       CONCEPTUAL FRAMEWORK

2.2.1   CONCEPT OF RURAL HOUSING

2.2.2   CONCEPT OF HOUSING FINANCE

2.2.3   METHOD OF RURAL HOUSING FINANCE

2.2.4   PROBLEMS OF RURAL HOUSING FINANCE

2.2.5   SOURCES OF RURAL HOUSING FINANCE

2.3   SUMMARY OF LITERATURE REVIEW.

CHAPTER THREE

3.0       RESEARCH METHODOLOGY

3.1       INTRODUCTION

3.2       RESEARCH DESIGN.

3.3       TARGET POPULATION

3.4       SAMPLE FRAME

3.5       SAMPLE SIZE

3.6       SAMPLE TECHNIQUES

3.7       SOURCE OF DATA COLLECTION

3.7.1   PRIMARY SOURCE OF DATA

3.7.2   SECONDARY SOURCE OF DATA COLLECTION

• INSTRUMENT FOR DATA COLLECTION

3.9           METHOD OF DATA ANALYSIS

3.10    SUMMARY OF RESEARCH METHODOLOGY

CHAPTER FOUR

4.0  DATA PRESENTATION ANALYSIS

4.1  INTRODUCTION

4.2       NATURE OF HOUSING IN ALAPA

4.3       EXAMINE GOVERNMENT EFFORT IN RURAL HOUSING PROVISION

4.4       IDENTIFICATION OF SOURCE OF FUND IN RURAL HOUSING AREA.

CHAPTER FIVE

5.0  SUMMARY, CONCLUTION AND RECOMMENDATION

5.1  SUMMARY OF FINDINGS

5.2       CONLUSION

5.3       RECOMMENDATIONS

CHAPTER ONE

1.0       INTRODUCTION

1.1       BACKGROUND OF THE STUDY

Housing finance is one of the basic needs of every individual, the family and the community in general.

As a pre-requisite to the survival of a man, it refers to security or safety and ranks second in the physiological needs, otherwise called clothing and food in the Abraham  Maslow’s “Hierarchy of need Theory” propounded in (1976)

The housing which is a unit of the environment, has a profound influence on the health, efficiency, social behavior, satisfaction, and general welfare of the community.

It reflects the cultural, social and economic values of a society, as it is the best physical and historical evidence of civilization in a country. The importance of providing adequate housing in any country cannot be overstated, hence it is a stimulant of the national economy.

In most developed countries, housing sector contributes significantly to the performance of their economy. Increase in the housing market activities usually indicates a strong economy, while a decrease in the market portrays weakness in the economy.

Governments should therefore encourage and foster the establishment of financial institutions to offer credit for housing development and also adopt such fiscal policies as will ensure that a larger portion of the national wealth is made available for housing development. As a specific case, governments should consider the establishment of housing developments funds or the issue of development stocks for housing. If the postulate that housing is a national social problem is accepted, then the private sector should take its share of the responsibility to supplement and reduce the reliance on governmental efforts.

Commercial and industrial concerns, and other organization should be made to include in their development programmes, plans for providing for workers, the rural dwellers are not privileged to have access to housing finance system.

This is as a result of population explosion and continues influx of people. Finance being universally accepted as one of the basic needs of individuals as the second after food that is most important and essential in human life.

The problem of rural housing finance that serves as impediments to the successful implementation of housing finance and programmes in the study area.

Housing finance is considered the most important factor of rural area problem in Nigeria, adequate housing finance therefore the first requirement for a new develop area in any nation.

This is because there are so many problems associated with rural housing finance development such as adequate and effective buildings in the study area, there are some mud structure of building presently which suppose not to be so.The importance of housing finance delivery is stressed by Agboola (1998) who asserted that without a well-organized and efficient housing mechanism, the goals of rural housing finance development policy will be largely in attainable.

1.2       STATEMENT OF THE PROBLEMS

The problem of rural housing has become on everyday discussion in all quarters of the public and private sectors of the developing countries by J. Abiodun. This is emphasized by Olotuah (2000), that the pooled effect of high population large increase and urbanization in declining economy has thrown Nigeria into serious housing problems.

Ironically, the low income groups and poor who constitute the majority in the Nigeria society are most affected by the finance and housing mena.

In Alapa village, the problem that is being generalized to each household includes;

1. Lack of pipe borne water
2. Absence of desence building

• Service and facilities, such as access of motor able road apart from the main road.

In other to provide answer to these problems, some questions must  be raised, these includes;

Why has rural housing finance remained passive and irrelevant in drive toward housing delivery?

Is there any existing superstructure of housing finance that caters for rural housing in the study areas?

How has individuals contributed to the financing of rural areas?

1.3       AIM AND OBJECTIVES

The aim of this study is to examine the problems associated with rural housing finance in Nigeria. In other to achieve this aim, the following objectives where required.

OBJECTIVE OF THE STUDY

1. To identify the types of housing development within the study area.
2. To examine the sources of rural housing finance. \

• To investigate the problem of rural housing finance

1.4       SIGNIFICANCE OF THE STUDY

The relevant of this project is to provide some essential useful information and suggestion to the developer as to the development of rural housing finance in the study area.

This research project will also serve as useful information to the government tactic sensitized the various level of government to rise up to their responsibilities to provide necessary housing facilities, social services within the study area.

It will also be of help for students and researcher for further investigation.

1.5       SCOPE OF THE STUDY

The disciplinary scope of the study is to examine the magnitude of rural housing problem in Nigeria, where the spatial scope is to cover the Alapa Village of Asa Local Government, Kwara State. And the target population are the resident Of Alapa village.

1.6       LIMITATION OF THE STUDY

The smooth execution of this study was hampered by certain constraints.

2. Adequate information: – The information gathered during the research was not totally received from the villagers, the people living in the village seem to be under informed, some question asked about their own town even seem strange to them as they don’t have any idea of what it entails.
3. The time limit with into undertaken that study is another limitation where respondent delay in giving information.
4. Lack of capital or fund to be used in many/various aspects e.g. transportation fees from school to case study and other element that require finance.

1.7       STUDY AREA

HISTORICAL BACKGROUND

The history of Alapa is located at Asa local government of Kwara state, and it was located at kilometers so from Oko-olowo in Ilorin Kwara state to Alapa. The people of Alapa are Yoruba with common ancestor in Oyo ile, there are sub-ethnic group with distinct dialect peculiarities. Alapa was located at the center of Adigbongbon which is surrounded by some villages like Ojugbere, Mondala, Alaaya, Baiko, Sosoki (a well known village to Lamba), Alapa people are predominantly farmer who grow food crops, cash crop and also rearing of livestock. The area is equally blessed with cassava in which they turn it to cassava flour (Elubo) they also move the product to so many places in the state, some houses presently structure unflustered block and also it lack basic facilities and social amenities such as untraced road, apart from the main road, Sewage disposal and other necessary facilities, Alapa was also called MOJA (mat weaving)which the villagers were able to locate in center place to state ONIRE still (mat weaving) in Yoruba language which has never happen before in there villages he welcome Adigbongbon to start ocuce, they now move to a junction where the tree was located and beside there still a small tree which was called KERE and the village was originated from tree called (APA TREE) where people meet in the village and sell market, that is where they generate Alapa village, According to the people in the village they let me know that no one can tampered the tree since then, even when government came for the construction of road during the time of election the Magaji and the villagers did not  accept the government to dig the tree that why they couldn’t do it since then (APA) tree was now generated to Alapa tree which is maintain.

1.8      DEFINATION OF TERMS

FINANCE

Can be describe as the science of money management a key point of finance is time value of money which states that purchasing power of one unit currency can vary over time. Berezin (2005).

FINANCES

Is a field that deals with the allocation of assets and liabilities over time under condition of certainty and uncertainty.

            HOUSE

According to Omole (2004) houses are apartments or accommodation erected for people to live in, usually for families lodgers.

HOUSING

Akomolede (2001) stated that housing is one of the basic necessities of life and the quality of housing produced is as important as the number produced in sowing like problems.

HOSING FINANCE

Akeju (2007), stated that housing finance could be regarded as the various strategist of bringing house to the affordable level of the people in a particular state or country.

RURAL HOUSING

These are located in the rural areas and they are usually characterized by simplicity of design and use of local building materials such as mud raffia palm, bamboo and wood. In the context of the most developing countries, rural housing is characterized by absence of adequate services such as pipe born water and sanitary facilities Agboola, (2003).

CHAPTER TWO

2.0  LITERATURE REVIEW

2.1  INTRODUCTION

This chapter focused on the review or relevant literatures for the study and divide into conceptual, theoretical and empirical frame work. The essence of is to allow us to have a basic for the measurement of key variables od the study and of course established a logical underpinning that will give a direction for the study.

2.2       CONCEPTUAL FRAMEWORK

2.2.1   CONCEPT OF RURAL HOUSING

According to Agboola (1998) describe housing as a collection of characteristics to provide a unique home within any neighborhood.

Housing is simply urban planning and also a product, a highly complex product, a bulky, durable and permanent product fixed location being used only in the place where built (Beyer, 1967)