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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Affordability and cost-recovery in shelter projects: the case of Nigeria
Author:Agbola, TundeISNI
Periodical:The Nigerian Journal of Economic and Social Studies
Geographic term:Nigeria
Subject:housing policy
Abstract:This paper reports on the outcome of research on the need for and the methods of cost-recovery with respect to shelter projects in Nigeria. The rationale for the research arose from the fact that successive Nigerian governments have always implemented their housing programmes through a heavy reliance on subsidy because of its political appeal. Such a housing supply strategy is usually doomed to failure because of its vulnerability to the economic uncertainties faced by most developing nations. A virile housing supply strategy must incorporate an effective cost-recovery mechanism to ensure project replicability. This has not been the case in Nigeria. Many of the beneficiaries of the Federal Government Low Cost Housing schemes in Nigeria flagrantly flout their mortgage repayment arrangements even when they have the means to repay. In addition, organizational arrangements to ensure effective and timely recovery of costs are very much lacking and there is a lack of cooperation and coordination between the different operating agencies involved in the provision of housing. Bibliogr., notes. .