Social and Behavioral Sciences Commons^™

Keynote Address By Godwin, I. Emefiele (Con), Godwin I. Emefiele

Economic and Financial Review

This keynote address presented by Mr Godwin I. Emefiele (CON), the Governor, Central Bank of Nigeria at the seminar on “Addressing Nigeria’s Housing Deficit”, for CBN Executive Staff at Transcorp Hotels, Calabar, Cross River State, October 07 - 09, 2019.

Welcome Address By Adebiyi Michael Adebayo, Michael A. Adebiyi

Economic and Financial Review

This welcome address presented by Dr. Michael Adebiyi, the Director, Research Department, Central Bank of Nigeria at the seminar on “Addressing Nigeria’s Housing Deficit”, for CBN Executive Staff at Transcorp Hotels, Calabar, Cross River State, October 07 - 09, 2019

Housing Sector, Economic Growth And Development: Conceptual Issues And Theoretical Underpinnings, Uwatt B. Uwatt

Economic and Financial Review

This article provides a theoretical overview of the contribution of housing sector in economic growth and development. The sector plays a very important role in the social and economic development of a country through its impact on major macroeconomic indicators such as: employment, savings, investment and labour productivity. After the introduction the article examined: conceptual issues on housing, economic growth and development; housing and economic growth and development: theoretical issues; housing, economic growth and development debate: historical perspective. The article concludes by recommending that: Governments in less-developed countries can intervene in the housing sector through comprehensive policies and large-scale investments, …

Institution And Housing Development: Mirage, Magic And Miracle Of Low- Cost Housing In Nigeria, Olukayode S. Oyediran

Economic and Financial Review

The article examines housing development with reference to the challenges encountered by the various low- cost housing interventions in Nigeria. The article observed that despite institutional interventions from both the fiscal and monetary authorities, the Nigerian housing deficit still remains a challenge to the government, stakeholders and the citizen. Challenges of adequate access to housing finance include affordability, access to land, cost of construction, rising cost of construction resources (materials and labour). The first section contextualises the challenges of the Nigerian housing deficit in the milieu of population explosion and urbanisation. The second section examines the theoretical issues bordering on …

Developing The Housing Sector In Nigeria – A Regulator’S Perspective, O. A. Martins

Economic and Financial Review

This article provides a regulator’s perspective on developing the housing sector in Nigeria. The article first examines the interest of the regulator in the housing sector with specific reference to the CBN’s responsibility for the regulation and supervision of all the financial institutions involved in providing housing finance. The article then examined the state of the housing sector in Nigeria and the issues that have hampered the growth of the sector including: absence of access to low cost funding; weak legal framework; inadequate housing supply; and undercapitalised mortgage banks. On the regulator’s perspective on housing market development the article identified …

Legal And Regulatory Framework For The Mortgage Industry In Nigeria, Kehinde Ogundimu

Economic and Financial Review

This article examines the legal and regulatory framework for the mortgage industry in Nigeria. The article examines the concept of housing as a global need and provides an overview of the Nigerian Housing Market with a population of 183 million people and increasing rapidly, a huge housing deficit of around 17 million units. This is further compounded by a rapid rising need for housing by about 20 per cent a year in cities like Lagos, Ibadan, Kano, and Abuja. At least 700,000 housing units across different segments are needed annually to keep up with demand, whereas, production was around 100,000 …

Unlocking The Potentials In The Housing Market Through Public Private Partnerships (Ppp) Investment Model, Chidi K. C. Izuwah

Economic and Financial Review

The article examines strategies on how unlocking the potentials in the housing market through the Public Private Partnerships (PPP) investment model. The model is seen as essential given that housing is now an indicator of personal socio-economic standing in society, and a core determinant of standard of living and access to economic opportunities globally. The article further discusses the imperative for Public Private Partnership (PPP) Housing and Social Housing or Public Rental Housing. Furthermore some PPP models that may be suitable for housing projects in Nigeria are identified like: Build Own Operate; Design-Build-Finance-Maintain-Operate/Build Operate Transfer and Operation and Maintenance Contract. …

Housing Deficit In Nigeria: Issues, Challenges And Prospects, Akpan Ekpo

Economic and Financial Review

This article examines the issues, challenges as well as prospects in the Nigerian housing sector. Following the introductory section, section 2 provides stylised facts about the real estate sector in Nigeria; section 3 investigates the challenges facing the housing sector in Nigeria, as a foundation towards proffering viable policy options in eradicating the housing deficit in the country. Section 4 provides the policies capable of curbing housing deficit in Nigeria, while section 5 discusses the prospects. Section 6 concludes the article.

Addressing Housing Deficit In Nigeria: Issues, Challenges And Prospects, Emmanuel Abolo Moore

Economic and Financial Review

The article examines the dimension of housing deficit in Nigeria, assess government intervention in tackling the problem of house shortages and proffer solutions that can help reduce the deficit considerably. Basic conceptual issues relevant to housing deficit in Nigeria is first discussed. These issues include: housing, housing deficit, urbanisation, and housing policy. This is followed by an examination of the current level of housing deficit in Nigeria which put existing housing stock at 23 per 1000 inhabitant; housing deficit as at December 2018 at 20 million units (15.0 per cent increase); N21 trillion required to finance the deficit. A look …

Addressing Housing Deficit In Nigeria: Issues, Challenges And Prospects, Ibi S. Ajayi

Economic and Financial Review

The article provides a brief review of housing policies under various regimes in Nigeria namely: the colonial era; independence and beyond; The Shagari administration (1979 -1983); Obasanjo regime under civilian rule14 (1999-2007); Yar’dua regime (29 May 2007 – 9 February 2010); Goodluck Jonathan regime (2010 – 2015); The Buhari administration (2015-2019). The article then discussed the problems militating against the achievement of targets in housing as well as the issues and opportunities. The article concluded by stressing the need to: maintain a conducive macro-economic environment which entails the maintenance of low inflation, low interest rates and stable exchange rates; deepen …

The Land Use Act And The Nigerian Housing Sector, Yusuf Yahaya

Economic and Financial Review

The article discusses the Land Use Act and the and how it has affected developments in the Nigerian housing sector. Prior to the Land Use Act, all the existing tenure systems encouraged land holding without an obligation to develop them, fragmentation and uncoordinated alienation, hoarding speculatively for value appreciation and without precise documentation. Consequently, the Land Use Act was enacted to: make land easily accessible to all Nigerians; prevent speculative purchases of communal land; streamline and simplify the management and ownership of land; make land available to government at all levels for development; provide the system of government administration of …

Issues, Challenges, And Prospects In The Housing Sector: Operator’S Perspective, Festus Adebayo

Economic and Financial Review

This article provides an operator’s perspective on the issues, challenges, and prospects in the housing sector in Nigeria. Topics covered include existing housing situation in Nigeria; and issues and challenges affecting affordable housing in Nigeria. The article also examines the prospects for Nigeria housing sector and made key recommendations which include: Creating enabling policies around land title documentations; Fast track the passage of foreclosure bill into law to legally resolve default issues in the sector; Advance the ongoing partnership between the Mortgage Banking Association of Nigeria (MBAN) and the Central Bank of Nigeria (CBN) with regards to the underwriting standards …

Measuring Dynamic Return And Volatility Connectedness Among Nigerian Financial Markets, Elias A. Udeaja

CBN Journal of Applied Statistics (JAS)

This study employs the connectedness measure of Diebold and Yilmaz (2012, 2014) to examine the intensity of connectedness among the Nigerian financial markets for the period January 2000 to December 2018. The study used all shares index, Treasury bill rate and Naira/USD official exchange rate to measure stock market, money market and exchange rate market, respectively. The study found connectedness among the Nigerian financial markets to be highly time-varying and appear to be higher during the period of high depreciation of the naira which coincides with the period of falling oil prices and domestic economic meltdown of 2014 and 2016, …

Special Remarks By Okwu Joseph Nnanna, Okwu Joseph Nnanna

Economic and Financial Review

This special remarks presented by Dr. Okwu J. Nnanna, the Deputy Governor, Economic Policy Directorate of the Central Bank of Nigeria, at the seminar on “Addressing Nigeria’s Housing Deficit”, for CBN Executive Staff at Transcorp Hotels, Calabar, Cross River State, October 07 - 09, 2019

Bridging Housing Deficit In Nigeria: Lessons From Other Jurisdictions, Adeola F. Adenikinju

Economic and Financial Review

This article examine housing deficit in Nigeria, drawing lessons from other jurisdiction with a view to recommending measures that would bridge such deficit. The article first examine facts and figures behind the housing Deficit in Nigeria. These include supply side constraints; demand side constraints; housing sector and Nigeria’s economy; housing interventions in Nigeria; intervention and policies in the colonial period; the post-independence period; the post-military era; and 2000 till date. The article highlighted lessons from other Jurisdictions specifically: mortgage lending in selected developed economies like: United States, German, United Kingdom, Israel, Spain; othe countries Singapore; Egypt; Malaysia. In conclusion the …

Strengthening Institutions For Housing Delivery In Nigeria, Ademola Bamidele

Economic and Financial Review

This article discusses innovative structural reforms and investments that can improve housing delivery in Nigeria. Following this introduction, we would focus on the issue of housing as a fundamental human right, then a review of housing developments in Nigeria. In examining how to improve housing delivery in Nigeria, the article underscores the need for strengthening public institutions through the application of appropriate policies that would enhance optimum utilisation of existing resources for efficient housing delivery. The article highlights the need for renewed collaboration and commitment particularly among stakeholders and putting in place, specific workable institutional arrangements that would enhance sound …

Addressing Housing Deficit In Nigeria: Issues, Challenges And Prospects, Aliyu Rafindadi Sanusi

Economic and Financial Review

The article first, provides a detailed overview of the housing deficit problems in Nigeria and the Government’s efforts at resolving them. The next section briefly conceptualises and reviews the various issues and challenges faced in addressing the housing deficit in Nigeria. The article then discusses the prospects for resolving the housing crisis in Nigeria.

In Search Of Work-Life Balance: Organizational And Economic Challenges Confronting Women In Banking And Management Consulting Firms In Southwest Nigeria, Oluwafisayo Ogundoro

Electronic Theses and Dissertations

Married women in the banking and management consulting firms in Nigeria encounter challenges that affect their commitment to their families while working long hours in demanding jobs. This study explores the challenges married women encounter and the impacts they have on women’s family lives, social lives, and health. I analyze primary and secondary sources to understand how organizational work culture such as long working hours, work competitiveness, and Nigeria’s unstable economy negatively affect the work-life balance of married women in banking and management consulting firms. Although participants shared the belief that their workplaces practiced “equality,” their descriptions of daily life …

Finding Foreign Friends: National Self-Determination And Related Norms As Strategic Resources During The Biafran War For Independence, 1967–1970, Christopher Brucker

New England Journal of Public Policy

The study analyzes how the government of the Republic of Biafra used international norms to win foreign support during its 1967–1970 campaign to secede from Nigeria. Secession conflicts occur at the intersection of international and domestic politics. For independence movements, support from outside is crucial. But, as Bridget Coggins has asked, how can secession movements find “friends in high places”? International support for unilateral secession attempts is strictly prohibited. Domestic and international asymmetry are limiting secessionist foreign policy instruments to intangible means. Legitimacy is a central concept to illuminate the phenomenon. In international politics, legitimacy depends on the external perception …

Social Media Utilization For Policing And Crime Prevention In Lagos, Nigeria, Sunmisola Eniola Peters, Usman Adekunle Ojedokun

Journal of Social, Behavioral, and Health Sciences

The benefits embedded in the use of social media for policing and law enforcement are increasingly becoming recognized globally. Despite the growing popularity of social media in Nigeria, empirical information on the disposition of police personnel toward their adoption for policing and crime investigation are generally scarce. Therefore, this study investigated the use of social media for policing and crime prevention among 122 police officers serving at the headquarters of the Lagos State Police Command. The research design was descriptive and cross-sectional. Survey questionnaire and key informant interview methods were employed for data collection. Results indicated that respondents were generally …

Understanding The Motivations And Pathways Of Women And Girls' Involvement In Terrorism In Nigeria, Peculiar M. Awa

FIU Electronic Theses and Dissertations

This study examines the experiences of 20 women and girls who lived in the Boko Haram camp in 2014-2018 and had varying levels of engagement in the organization's activities. The study employs a qualitative phenomenological in-depth interview methodology. Semi-structured interviews conducted in Nigeria and the United States yielded data on the experiences of the respondents before, during, and after their lives with Boko Haram. Based on the analysis of interview responses and field notes, several themes emerged. Overall findings suggest that family and community dynamics play a significant role in terrorism in Nigeria. The study found that early child marriage …

Academic Disciplines And Use Of Library-Based Online Resources For Learning Activities By Undergraduates In University Of Ibadan, Nigeria, Michael Oladiran, Tolulope Balogun

Library Philosophy and Practice (e-journal)

The purpose of the study was to examine the influence of academic disciplines on the use of library-based online resources for learning activities by undergraduates in the University of Ibadan.

The paper adopted the quantitative research method. Stratified random sampling technique was adopted in selecting the undergraduate students from each faculty and department with the sampling fraction of 2.5%. The sample size for the study is 303 undergraduates of University of Ibadan. Questionnaire was the instrument used to gather data for the research. 286 (94.4%) questionnaires were properly completed and analyzed.

The study revealed that that the Internet is the …

Public Libraries And Access To Information In Plateau State, Nigeria, Olufunmilayo I. Fati, Idris Yelwa

Library Philosophy and Practice (e-journal)

For successful post-2015 development agenda, rural communities and individuals need to be given access to, made to understand and encouraged to use and share accurate and relevant information to solve problems and make better decisions, thereby promoting sustainable development. In the recent times, there have been various campaigns and advocacy for access to information especially for rural dwellers and hitherto, a lot of rural inhabitants are not being reached. The study reviews the responsibilities of libraries in ensuring that rural inhabitants have access to relevant information. It also reveals the status quo at the Plateau State Library Board (PLSLB) as …

Influence Of Organizational Citizenship Behaviour On Job Burnout Among Librarians In University Libraries In Nigeria, Rosaline Oluremi Opeke Ph.D, Adeyemi Adewale Akinola Ph.D

Library Philosophy and Practice (e-journal)

Job burnout is an important aspect of organisational behaviour that has negative impact on librarians and organisational outcome. Despite the efforts made by library management to prevent job burnout among librarians, high level of emotional exhaustion, cynicism and inefficacy remain a major challenge. Poor response to job burnout by librarians’ may be attributed to inability to exhibit citizenship behaviour in the library. The study investigated the influence of organisational citizenship behaviour on job burnout among librarians in university libraries in Nigeria. The study employed survey research design. The population of the study consisted of 624 librarians from 38 public universities …

Critical Information Literacy And Participatory Democracy: An Analysis Of The Role Of Libraries In Jos Metropolis, Plateau State, Vicki Lawal

Library Philosophy and Practice (e-journal)

Critical Information Literacy is a commitment to social justice by which people can be empowered through various information sources to question dominant values and beliefs in the society thereby enabling an awareness on issues of democracy and good governance. This article investigated some of the critical challenges faced by libraries with respect to information skills empowerment of the citizens of Jos, Plateau State in the democratic process . The paper is set within the context of the 2019 general elections in Nigeria. It examined the ways that libraries in the city of Jos facilitate knowledge of political issues and awareness …

Women’S Political Participation And Grassroots Democratic Sustainability In Osun State, Nigeria (2010-2015), Isola Abidemi Abiola

Journal of Interdisciplinary Feminist Thought

Studies on Osun State and women's representation in both the federal and state levels and in the legislative and executive arms of government indicated it has the second highest women's representation in South West, Nigeria. This gives an impression that democracy is being sustained at the grassroots. However, the fact on the ground is to the contrary, especially when compared with their male counterparts and their representation in government. Therefore, this study explores women's political participation and grassroots democratic sustainability in Osun State, Nigeria from 1999 to 2015.This study adopted survey research design. Data were collected through questionnaires and unstructured …

“The Way She Makes Me Feel”: Examining The Effects Of Celebrity Instagram Images On Body Satisfaction And Self-Esteem In Young Nigerian Women, John Oluwaseyi Jemisenia Mr, Simeon Asogwa Ugochukwu Mr, Arome Adejoh Mr, Godwin Okatahi Oniwon Mr

Library Philosophy and Practice (e-journal)

Using an experimental method, we examined the effects of local female celebrity Instagram images on women’s body satisfaction and self-esteem among groups of young Nigerian women. Result showed that women reported the highest self-esteem and body satisfaction when viewing thin-ideal images, but self-esteem and body satisfaction decreased after viewing plump ideal images, followed by neutral images. Additionally, while state appearance comparison was found as a partial mediator of the effects of image type on body satisfaction and self-esteem, extent of celebrity worship fully mediated these effects. Nonetheless, the intensity of Instagram and other SNSs use did not mediate the effects …

Estimation Of Sacrifice Ratio For The Nigerian Economy Using A Time Varying Adrl Approach, E. T. Adamgbe, M. O. Abeng, A. A. Omosola

Economic and Financial Review

Monetary policy in the last few decades had focused on creating the enabling conditions for sustainable economic growth, using the level of inflation as the pivotal tool, complemented with central banks’ independence and monetary policy transparency. However, attaining the delicate balance of achieving low inflation and optimal output, with minimal tradeoffs has been a cause for concern for policy makers. Thus, the measurement of the output loss, arising from the inflation-output tradeoff, forms the fulcrum of this study. This study estimates the sacrifice ratio using a state space methodology in an aggregate supply framework to adjust for real business cycle …

Influence Of Information Availability And Use On Economic Integration Of Small Scale Business Owners: The Role Of Libraries, Magnus Osahon Igbinovia, Bayor Odelami

Library Philosophy and Practice (e-journal)

The purpose of the study is to investigate the influence of information availability and use on the Economic Integration (EI) of small scale business owners, and the roles of libraries. This was achieved with the aid of five research questions and four null hypotheses at 0.05 level of significance. The study adopted the embedded type of the mixed research design. The quantitative component employed a survey research of the correlational type for research questions one to four and the research hypotheses. This was complemented or supported by a qualitative component that addresses research question five. . The target population for …

Investigating The Impact Of Crime Reporting On Crime Control In Gwagwalada Area Council Abuja North Central Nigeria, Ijarbas Journal

Library Philosophy and Practice (e-journal)

Worldwide the number of under reported crimes to law enforcement agents are on the increasing trend though it nevertheless more pervasive in developing nations particularly in Nigeria. This is due a number of facts such as lack of trust to law enforcement agents’ fear of reprisal attacks by the offenders etc. This research was therefore set up to examines the impact of crime reporting as a panacea to crime control in Gwagwalada Area Council Abuja; specifically, the objective was to find out if reporting crime reduces criminal activities in Gwagwalada area council and identify the prime factors that hinder victims …