Project Abstract

Abstract
The demand for housing has been on the rise globally, leading to the need for modern strategies for housing delivery. This research project aims to appraise various modern strategies that have been employed to meet the increasing demand for housing. The study will focus on strategies such as modular construction, green building techniques, innovative financing models, and technology integration in housing delivery. The research will involve a comprehensive review of literature on modern housing strategies to understand the benefits and challenges associated with each approach. Additionally, case studies of successful housing projects that have utilized these strategies will be analyzed to provide practical insights into their implementation. One of the key objectives of the research is to evaluate the effectiveness of modern housing strategies in improving affordability, sustainability, and quality of housing. By comparing different approaches, the study aims to identify best practices that can be adopted to address housing challenges in urban and rural areas. The research will also explore the role of government policies and regulations in promoting the adoption of modern housing strategies. By examining the policy frameworks in place in various countries, the study seeks to understand how government support can facilitate the implementation of innovative housing delivery methods. Furthermore, the project will assess the socio-economic impact of modern housing strategies on communities. By considering factors such as job creation, environmental sustainability, and social cohesion, the research aims to highlight the broader benefits of adopting innovative approaches to housing delivery. Overall, this research project will provide valuable insights into the current landscape of modern housing strategies and their implications for addressing housing needs in the 21st century. By examining the strengths and limitations of different approaches, the study aims to inform policymakers, developers, and other stakeholders on the most effective ways to deliver housing that is affordable, sustainable, and of high quality.

Project Overview

INTRODUCTION 1.1 BACKGROUND TO THE STUDY Housing shortage is one of the most serious developmental challenges presently confronting Nigeria. Stakeholders and industry operatives in building technology are unanimous in their opinion that the process of housing delivery in Nigeria needs a change of strategy. In this study, the researcher is examining modern ways that could be explored to meet the nation’s housing deficit which stands around 17million units (Akeju, 2012). Although Nigeria with a population of over 160 million people has been identified as the largest market in Africa for everything, including real estate, growing demand for decent shelter has continued to meet leaner supply of housing units.Over the years, successive governments in the country had tinkered with policies in a bid to achieve its mass housing objective but due to lack of reasonable commitment to it, achieving the goal has remained elusive (FRN, 2007). Experts who gave analytical insight into the problem of housing delivery in Nigeria called for a declaration of a state of emergency in the housing sector, saying innovative thinking and modern strategies could bring about better outcomes that will enhance housing delivery process in the country. It is a known fact that financing of housing projects remained one of the biggest problems in the sector that is militating against housing delivery. Akeju (2012) is of the opinion that the major issue in housing delivery is funding, getting appropriate funding. There is money flowing everywhere but the right type of money needed for long term project like housing is not available. Something that can really work for affordable housing can be akin to what the Federal Mortgage Bank offers which cannot go round. Modern strategy in housing delivery in Nigeria will reiterates the government’s priority to tackle overcrowding and the ambitious target to reduce severe overcrowding in rented housing apartments (Bush, 2004). Alongside making funding available for larger homes, with at least higher number of bedrooms, and a long-term commitment to deliver the familysized affordable homes should be identified in a strategic plan for housing delivery (Easton, 2006). There are many strategies needed to facilitate massive housing deliveryin Nigeria but modern and technologically-inspired large scale housing schemes - schemes and sites with thousands of housing units could play a significant role in the delivery of the large number of houses the Nigerians needs.Theexperience of the last 20 years suggests that the level of demand for new homes over the next decade will not be met by piecemeal incremental developments. In Nigeria today, there is a shortage of housing for low-income earners and constantly growing housing demands (due to increase in population) that are not met. Unfortunately, banks are reluctant to provide mortgage facilities to low-income earners. In order to solve the housing/mortgage challenges faced by the Nigeria populace, the Nigerian Mortgage Refinance Company (NMRC) was established to promote home ownership and increase the availability and affordability of mortgage loans to Nigerians.In spite of the incorporation of NMRC in June 24, 2013, not much has changed. The apathy of banks towards mortgage transactions still lingers, understandably, because of the risk of default. To buttress this, 66,402 Nigerians applied for mortgages during the recent Nigerian Housing Finance Programme. Only 10,000 Nigerians were selected. However, the interest rates by primary mortgage institutions that participated in the programme were alarming (14.5% -19%).It is suggested that a cue be taken from other countries where the cost of mortgage for first time home buyers are low, with small down payments and easy terms especially, a single digit interest rate. 1.2 STATEMENT OF THE PROBLEM The problem of housing delivery is of great concern in many countries. This problem is especially prominent in Nigeria. The challenge as been magnified as a result of a myriad of issues, not least, a high population growth rate, shortage of necessary skills and disintegrated supply chain. There is need for Nigerian government and stakeholders in the building industry to rise up to housing needs of Nigerians in quality and quantity. Some researchers has advocated other modern methods of construction like dry construction has strategy to mass housing delivery. However, the researcher is examining how modern strategies can be used to ensure that the housing need of Nigerians are met.1.3 OBJECTIVES OF THE STUDY The following are the objectives of this study: 1. To examine the modern strategies that can be used for effective housing delivery. 2. To determine the effect of modern strategies on housing delivery in Nigeria.3. To analyze the factors hindering the use of modern strategies in housing delivery in Nigeria. 1.4 RESEARCH QUESTIONS 1. What are the modern strategies that can be used for effective housing delivery? 2. What is the effect of modern strategies on housing delivery in Nigeria? 3. What are the factors hindering the use of modern strategies in housing delivery in Nigeria? 1.5 SIGNIFICANCE OF THE STUDY The following are the significance of this study: 1. Outcome of this study will educate stakeholders in the building industry, government and policy makers on the modern strategies that can be used to solve the problems of housing deficit in Nigeria. 2. This research will also serve as a resource base to other scholars and researchers interested in carrying out further research in this field subsequently, if applied will go to an extent to provide new explanation to the topic 1.6 SCOPE/LIMITATIONS OF THE STUDY This study on appraisal of modern strategies for housing delivery in Nigeria will cover all the effort and approaches of past and present government of Nigeria at tackling the problem of housing deficit in Nigeria. It will also cover the new approaches and strategies that can be used for mass housing development.LIMITATION OF STUDY Financial constraint- Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview). Time constraint- The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work