The role of financial institution in housing development in nigeria (a case of portharcout metropolis river state)

Project Abstract

The role of financial institutions in housing development in Nigeria, with a focus on the Port Harcourt metropolis in Rivers State, is a critical aspect of urban development. This study aims to investigate the impact and effectiveness of financial institutions in facilitating housing development in Port Harcourt. The housing sector in Nigeria faces significant challenges, including a shortage of affordable housing units, inadequate mortgage financing, and limited access to credit for potential homeowners. Financial institutions play a crucial role in addressing these challenges by providing mortgage loans, housing finance, and other financial services to individuals and developers in the housing sector. Using a mixed-methods approach, this research will examine the current role of financial institutions in housing development in Port Harcourt. Quantitative data will be collected through surveys and interviews with key stakeholders in the housing and financial sectors. Qualitative data will be gathered through focus group discussions and case studies of successful housing developments in the city. The study will explore the various financial products and services offered by banks, mortgage institutions, and other financial institutions in Port Harcourt. It will assess the accessibility and affordability of mortgage loans, the effectiveness of housing finance schemes, and the impact of government policies on housing development in the city. The findings of this research will provide valuable insights into the challenges and opportunities for financial institutions in supporting housing development in Port Harcourt. The study will also offer recommendations for improving the role of financial institutions in addressing the housing needs of the city's growing population. Overall, this research will contribute to the existing literature on housing development in Nigeria and provide practical recommendations for policymakers, financial institutions, and other stakeholders in the housing sector. By understanding the role of financial institutions in housing development, the government and relevant authorities can implement policies and initiatives to promote sustainable and affordable housing in Port Harcourt and other urban areas in Nigeria.

Project Overview

<p> </p><p><strong>1.0 INTRODUCTION</strong></p><p><strong>1.1 BACKGROUND OF THE STUDY</strong></p><p>Broken home occurs as a result of separation of marriage either by death or divorce. Broken home, contributed a lot to anti-social behaviour society.</p><p>ISAKE (1963), stated that most of them were very unsuccessful because of separation of house, he said broken house can be as a result of divorce of separation by death of the couple.</p><p>The problem of broken homes are universal phenomenal which affect both developed as well as the under develop country. Yet the courses and effect still persist with varying degree in the various part of the world.</p><p>In an ideal atmosphere, Children should happily be with there parents, children appreciated the love of their parent towards them, one of the tasks that should be fulfilled by parents, is to educate their children because the education of children does not start from school. This is because live schooling of students started from home. A home is the walls of the house but the people who live on it make a home. A house only become a home, when if complete. A home also became a house when is not broken.</p><p>Hemm (1970), broken home means a heroic in which the parents are separated or divorced or are no more by either as a result of death. Children from such home lack proper care and security. The suffering of such children could be seen in differed dimension.</p><p>In most cases, adequate parental and affection may not be given to the children properly by the adopted parents that is the guardian. Unfortunately for the children who find themselves in such a manners can been neglected by the fear groups and society instead of being love and care for however, the present day in Nigeria.</p><p>The rate of broken homes are increasing unprecedented, consequently and it is necessary for the psychologist and teacher to find out the relationship between houses and academic achievement of the concern children.</p><p>Parent (1970); homes are a dwelling place we want on to say that it is also a place of natural shelter from rain, sun and cold which is the season. The other point he stressed on was security and care while we concluded by the fact that it provide a place for happy family life with room and equipment for preparing and eating means for recreation.</p><p>When a student imagines his home a “Vacuum Can” Which exposes him or her to same problems in the environment.</p><p>In some societies in Nigeria and other Parents of African such children are regarded as neglected.</p><p>ISAKE and others (1984), mother are considered as the backbones or major providers of programme of services to individual child.</p><p>Based on the needs and understanding of his environment. They said children from broken home feel very sad when they lack the carrying, affection, security and concern for lovely home.</p><p>Those children are supposed to enjoy. Such children tend to develop a kind of inferiority complex, and aggression, hostility, reserved and isolated among their pear groups. They said when children are not secured and not enjoying the love and parental up bringing, it will affect the cognitive loved of the children, thereby affecting their academic achievement.</p><p>However, as the home became as insecurity, place, the children are respond by developing tension, prostration and aggression and anger and hatred toward on or both parents because of their behaviour, that lead to separation and also broken homes could causes the children to feel isolation and humpies.</p><p>Yusuf (1981), reveal that 60 – 70% of backward students of primary Schools in Jere Government Area, are those children from broken homes, some of them are rerunning errant, while some of them do not have adequate school material that will help them study.</p><p>Hence, there are frustrated and psychologically disturbed, when they are in classroom as a result they cannot do well in the school activities.</p><p><strong>&nbsp;</strong></p><p><strong>1.2 STATEMENT OF THE PROBLEM</strong></p><p>The statement of the problem is therefore stated thus, to what limit do broken homes causes by separation divorce or death of parents affect children or student academic achievement. The children social life could also be affected because they became a problem to their society juvenile delinquency, introvert, behavioural disorder etc. that is a sociological deficiency.</p><p>The study investigated the extend lack of parental are affection an security plus discipline affects student academic achievement of students in Jere Local Government Area.</p><p><strong>&nbsp;</strong></p><p><strong>1.3 OBJECTIVES OF THE STUDY</strong></p><p>The objectives of the study are:-</p><ol><li>To determine the number of pupils of students from broken home in the selected primary school in Jere Local Government Area.</li><li>To determine whether actually broken homes have any effect on children, students or pupils academic achievement.</li></ol><p><strong>&nbsp;</strong></p><p><strong>1.4 RESEARCH QUESTIONS</strong></p><ol><li>Does lack of parental care, affection and love affect students academic achievement in school?.</li><li>Does lack of Parental security affect pupils or students?</li><li>Does lack of parental discipline of affect student academic achievement?</li></ol><p><strong>&nbsp;</strong></p><p><strong>1.5 SIGNIFICANCE OF THE STUDY</strong></p><p>Many people do not see broken homes as a social problem, which some how affect children born into such homes. To this end this study aims to some extent see how this affect a child in his academic achievement through the study will only be restricted to Primary to Primary School e.g Mafoni Galtimari Primary School in Jere Local Government Area.</p><p>The findings may likely be applicable to other part of the state and also the country at large. Thus, with the introduction new national policy of education (U.B.E).</p><p>The investigation will be an effective tool in the hands of guidance and counseling personnel’s and also psychologist.</p><p>It would also be relevant to teachers in order to help their students despite the problem in the study will also attempt to some extent suggested some hopeful advice and counseling to people who may like to apply them to their marital life situation.</p><p><strong>&nbsp;</strong></p><p><strong>1.6 SCOPE OF THE STUDY</strong></p><p>The study covers Jere Local Government Area as a case study on the effect of broken homes on student academic achievement.</p><p>The study is limited to some selected Primary School in Jere Local Government Area examples of selected primary Schools are:-</p><ol><li>Old Maiduguri Primary School</li><li>Goni Kachallari Primary School.</li><li>Muna Koreri Primary School.</li><li>Shehu Sanda Kyarimi Primary School.</li><li>Gambori III Primary School.</li></ol><p><strong>&nbsp;</strong></p><p><strong>1.7 OPERATIONAL DEFINATION OF TERMS</strong></p><p><strong>BROKEN HOMES:</strong>&nbsp;Broken homes in this with parental being</p><p>separated as a result of death divorce and willful but temporally staying apart.</p><p><strong>ACADEMIC ACHIEVEMENT:</strong>&nbsp;Here it refers to how well or how</p><p>poorly a child can perform in the school.</p><p><strong>HOME:</strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; This is place where people live together as a family.</p><p><strong>DIVORCE:</strong>&nbsp;This is an illegal dissolution of marriage.</p><p><strong>JUVINAL DELIQUENCY:</strong>&nbsp;This is a wrong doing by Young</p><p>person.</p><p><strong>BEHAVIOURAL CLASS ORDER:</strong>&nbsp;This is a situation where an</p><p>individual abnormal character such as stealing, fishing, aggressiveness toward other hostile etc</p> <br><p></p>