TABLE OF CONTENTS.
CHAPTER ONE
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
3.8
INSTRUMENT
FOR DATA COLLECTION
3.8.1 QUESTIONNAIRE
3.8.2 INTERVIEW
3.8.3 PERSONAL
OBSERVATION
3.9
METHOD
OF DATA ANALYSIS
3.10
SUMMARY
OF RESEARCH METHODOLOGY
CHAPTER
FOUR
4.0 DATA PRESENTATION ANALYSIS
4.1 INTRODUCTION
TABLE 4.1.1: QUESTIONNAIRE
ADMINISTERED IN ALAPA
TABLE 4.1.2 DISTRIBUTION
OF RESPONDENT ACCORDING TO
TABLE 4.1.3: DISTRIBUTION OF
RESPONDENT ACCORDING TO AGE
TABLE 4.1.4 9DISTRIBUTION OF THE RESPONDENT ACCORDING TO NATURE
OF HOUSING IN ALAPA
TABLE
4.2.1: HOUSING TYPE IN ALAPA
Table 4.2.2 CONDITION
OF BUILDING IN ALAPA
TABLE
4.2.3: TYPE OF WALL
MATERIALS USE
Table 4.2.4: TYPE OF TOILET AVAILABLE
TABLE
4.2.5: METHOD OF BUILDING CONSTRUCTION
4.3 EXAMINE
GOVERNMENT EFFORT IN RURAL HOUSING PROVISION
TABLE
4.3.1: THE INVOLVEMENT OF GOVERNMENT IN ANY PROGRAMME
TO ASSIST HOUSING FINANCE IN THE STUDY
AREA.
4.4 IDENTIFICATION
OF SOURCE OF FUND IN RURAL HOUSING AREA.
Table 4.4.2 IDENTIFICATION OF THOSE WHO OBTAINED LOAN
TO
FINANCE
THEIR PROJECTS IN THE STUDY AREA.
CHAPTER
FIVE
5.0 SUMMARY, CONCLUTION AND RECOMMENDATION
5.1
SUMMARY OF FINDINGS
5.2 CONLUSION
5.3 RECOMMENDATIONS
REFERENCES
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 menace.
In Alapa village, the problem that
is being generalized to each household includes;
i.
Lack of pipe borne water
ii.
Absence of desence building
iii.
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
i.
To identify the types of housing
development within the study area.
ii.
To examine the sources of rural housing finance.
\
iii.
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
1 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).
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