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Open Access
Article
Publication date: 28 August 2023

Nada Soliman

The paper aims to look into the implications of urban informality in Chris Abani's Graceland as represented in slum life and urban poverty as products of over urbanization and…

Abstract

Purpose

The paper aims to look into the implications of urban informality in Chris Abani's Graceland as represented in slum life and urban poverty as products of over urbanization and globalization, seeking to unravel multi-layers of the human side of the slum.

Design/methodology/approach

The paper examines slum life from a descriptive approach to highlight how people survive under poverty. The study of the culture of slums entails an analysis of the survival techniques and everyday practices of slum dwellers, the relations and patterns of behavior and the outcomes of the interplay between place, culture and power relations in such communities.

Findings

The urban slum dwellers utilize everyday forms of resistance which comprise a number of “low-profile techniques” to subvert state-imposed power structures and break the cycle of poverty.

Research limitations/implications

Despite the relevance of a post-colonial approach to the texts, this paper is limited to the study of the impact of urban poverty on individuals.

Practical implications

The margin, represented in the urban poor, is brought into focus and perceived in a new light of empowerment which challenges alienating discourses.

Social implications

The multidimensional vision of Nigeria in Abani's text highlights the cultural and economic impacts of multiculturalism, neocolonialism and globalization on the urban poor.

Originality/value

The paper formulates a framework for understanding the culture of the slum as a space of a peculiar nature, seeking to deconstruct a fixed view of slum life and poverty culture.

Details

Journal of Humanities and Applied Social Sciences, vol. 5 no. 5
Type: Research Article
ISSN: 2632-279X

Keywords

Article
Publication date: 12 June 2019

Abel Olaleye and Beatrice Oyinloluwa Adebara

The purpose of this paper is to re-examine the framework for determining property market maturity by including the economic characteristics of a country in the measure.

Abstract

Purpose

The purpose of this paper is to re-examine the framework for determining property market maturity by including the economic characteristics of a country in the measure.

Design/methodology/approach

The examination was done in Lagos property market, which was stratified into Mainland and Island markets. A total of 181 estate surveying and valuation firms and 87 property development companies, as represented by top-level managers, participated in the survey. Data were collected on their perception of property market maturity attributes that included market openness, presence of professionals, level of transparency and state of the economy, among others. The data were analyzed using mean rating and mean deviation.

Findings

The result showed that “diversity of real estate products and forms” was ranked highly and had reached a mature stage in Lagos Mainland, Island and the aggregated Lagos market. Contrarily, the state of the economy was still at immature stage in Lagos and its sub-markets. Overall, the results showed that the Lagos property market was emerging and that the inclusion of economic features in the maturity framework reduced the level of maturity of the market when compared with previous studies.

Practical implications

The study implied that the assessment of the state of economy of a country, as part of the attributes for measuring property market maturity, will impact on the result and should be taken into consideration.

Originality/value

The study adds to the previous studies on property market maturity by assessing the impact of the economic characteristics of a country on the measure.

Details

Journal of Property Investment & Finance, vol. 37 no. 5
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 27 July 2018

Daramola Thompson Olapade, Timothy Oluwafemi Ayodele and Abel Olaleye

The purpose of this paper is to examine the of characteristics of Lagos, Nigeria property market and its submarkets on the prism of the market practitioners’ characteristics…

Abstract

Purpose

The purpose of this paper is to examine the of characteristics of Lagos, Nigeria property market and its submarkets on the prism of the market practitioners’ characteristics, market transaction structure and market maturity. This is done with a view to provide information capable of improving the flow of foreign real estate investment to the Lagos property market.

Design/methodology/approach

Primary data were sourced through questionnaire administered on firms of property practitioners in the market. A total of 190 firms were selected using the stratified random sampling technique based on their geographical location. Descriptive statistics and Mann−Whitney U Test were employed for data analysis.

Findings

The results showed that the Lagos property market was characterised by practitioners whose highest level of education was majorly first degree, and with a mean computer literacy ranking of 3.38 on a five-point Likert scale. Also, major transactions in the market included letting and sales. The market maturity index of the market was 2.95 and therefore adjudged as an emerging market. The analysis also revealed that there was no significant difference in the characteristics of the submarkets.

Practical implications

The results of the study are capable of enhancing investment decision in the market.

Originality/value

The study differentiates itself from and adds to the previous studies on market characteristics through an examination of the property market on the prism of the market transaction structure, market practitioners’ characteristics and maturity of the market holistically in the context of an African emerging market.

Details

Journal of Property Investment & Finance, vol. 36 no. 5
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 20 February 2020

Sanya Ojo

This study aims to investigate the reverse effect of the country of origin’s reputation on the notion of place brand.

Abstract

Purpose

This study aims to investigate the reverse effect of the country of origin’s reputation on the notion of place brand.

Design/methodology/approach

Using a case study methodology, cases of Lagos (Nigeria) and Dubai (UAE) are examined to generate a model of place brand/branding.

Findings

Three pathways of the flow of causality between nation brand and city brand were emphasised, and problematic themes of interest to focus are recommended as a way forward for aspiring cities to create and improve their global reputation to generate increased footfalls of visitors and investors.

Practical implications

It is possible for cities to create effective brands irrespective of the reputation (strong or weak) of their countries of origin. The implication of the reverse relationship between nation and city brand has the potential to expand the theoretical framework of a place brand.

Originality/value

The study’s uniqueness is in highlighting the different relations between nation branding and city branding that could guide practitioners in actualising a successful city brand project.

Details

Qualitative Market Research: An International Journal, vol. 23 no. 4
Type: Research Article
ISSN: 1352-2752

Keywords

Article
Publication date: 3 January 2024

Halim Yusuf Agava and Faoziah Afolashade Gamu

This study evaluated the effect of macroeconomic factors on residential real estate (RE) investment returns in the cities of Abuja and Lagos, Nigeria, with a view to guiding RE…

Abstract

Purpose

This study evaluated the effect of macroeconomic factors on residential real estate (RE) investment returns in the cities of Abuja and Lagos, Nigeria, with a view to guiding RE investors and researchers.

Design/methodology/approach

A survey research design was employed using a questionnaire to collect RE transaction data from 2008 to 2022 from estate surveying and valuation firms in the study areas. Rental and capital value data collected were used to construct rental and capital value indices and total returns on investment. The macroeconomic data used were retrieved from the archives of the Central Bank of Nigeria (CBN). Granger causality (GC) and multiple regression models were adopted to evaluate the effect of selected macroeconomic variables on residential RE investment returns in the study areas.

Findings

The study found a progressive upward movement in rental and capital values of residential RE investment in the study areas within the study period. Total and risk-adjusted returns on investment were equally positive within the study period. Only the inflation rate, unemployment rate and real gross domestic product (GDP) per capita were found to be the major determinants of residential RE investment returns in the study areas within the study period.

Research limitations/implications

The secrecy associated with property transaction information/data by RE practitioners in the study areas posed a challenge. Property transaction data were not adequately kept in a way for easier access and retrieval in many of the estate firms and agent offices. Consequently, there was a lack of data that spanned the study period in some of the sampled estate firms or agent offices. This data collection challenge was, however, overcome by the excess time spent retrieving the required data for this study to ensure that the findings appropriately answer the research questions.

Practical implications

Inflation and GDP per capita have been found to be significant factors that influence residential RE investment performance in the study areas. Therefore, investors should pay attention to these identified macroeconomic factors for residential RE investment in the study areas whilst making investment decisions in order to mitigate a possible loss of income or return. The government should formulate and implement economic policies that would address the current high unemployment and inflation rates in Nigeria at large.

Originality/value

This study has extended and further enriched the existing body of knowledge in the field of RE investment analysis in Nigeria. To the best of the authors' knowledge, this study is the first to adopt the Cornish Fisher value-at-risk and modified Sharpe ratio models to analyse risk and risk-adjusted returns on residential RE investment, respectively, in Nigeria. It has therefore redirected the focus of RE researchers and practitioners to a more objective approach to RE investment performance analysis in Nigeria.

Details

Journal of Property Investment & Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 1 March 2023

Ibrahim Rotimi Aliu

While the declining rate of urban security and its potential effects have been globally acknowledged, the ways urban neighborhood security shapes real estate markets in African…

Abstract

Purpose

While the declining rate of urban security and its potential effects have been globally acknowledged, the ways urban neighborhood security shapes real estate markets in African cities remain largely unexplained. The purpose of this paper therefore is to present the findings from a study of the nexus between urban neighborhood security and home rental prices in Lagos, Nigeria.

Design/methodology/approach

This paper is based on the hedonic price theory, an objectively derived urban neighborhood security index (UNSI) and property rental price data in Ojo, Lagos, Nigeria. This is a quantitative cross-sectional study that employs multistage sampling survey procedure. Data are analyzed using descriptive statistics, nonparametric correlation and hedonic price function with ordinary least squares (OLS).

Findings

Results show that nearly 50% of the study area is prone to insecurity and average rental values in Ojo, Lagos range from N151329.41 ($302.66) to N167333.33 ($334.67) per annum. Correlation analysis shows that home rental prices have high, positive and significant correlations (rs = 0.725 and p < 0) with UNSI. After controlling for neighborhood and structural factors, it is found that urban neighborhood security positively influences home rental values as a unit improvement in security leads to N81000.00 ($162.00) increase in rental value per annum.

Practical implications

Urban neighborhood security risk threatens residential property values, creates unintended residential mobility and destabilizes families. Findings from this study point to the facts that security is a key component of urban housing values and developers, and real estate investors must ensure that this component is well factored into property design, construction and valuation.

Originality/value

This is perhaps the first study that uses an objectively derived UNSI to study home rental price dynamics in Nigeria. The study extends knowledge on urban housing price determinants and contributes to literature on the crucial place of security in property management.

Details

Property Management, vol. 41 no. 3
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 1 February 2016

Solomon Aondohemba Anule and Obinna Lawrence Umeh

The purpose of this paper is to identify drivers of investment performance of commercial property in Lagos with a view to preventing a rule of thumb approach to investments’…

2050

Abstract

Purpose

The purpose of this paper is to identify drivers of investment performance of commercial property in Lagos with a view to preventing a rule of thumb approach to investments’ decisions.

Design/methodology/approach

Questions theoretically underpinned on factors influencing commercial property investment performance were designed and administered to 125 real estate practitioners in Lagos in order to weigh the factors influencing commercial property investment performance in five selected locations in Lagos. The responses were analyzed using the mean item score and the principal component analysis, and the most critical factors extracted.

Findings

Individual sub-markets reveal top factors common to each location as cost of building materials, location, quality of road infrastructure, rental growth and security. Findings across sub-markets reveal three critical set of factors. Condition of the premises; the second theme is a mixture of socio-cultural and legal framework; the third is also a mixture of socio-cultural, political and economic factors. Their factor loading’s are: 0.851, 0.828 and 0.805, respectively.

Practical implications

Investors, appraisers and property managers may benefit from the findings as they make better investment and management decisions. Also adopting modern construction methods will cut unnecessary cost incurred from wastage of building materials and open the door to private investors with limited capital.

Originality/value

This paper is the first to capture five different locations in Lagos. It goes beyond the study of Thontteh and Omirin (2014) which covered only one location. Thus, this study tends to present more reliable findings.

Details

Journal of Property Investment & Finance, vol. 34 no. 1
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 4 July 2017

Yetunde Abosede Zaid

This study examines the level of awareness about high blood pressure and the role of librarians in the dissemination of health information among residents in Lagos State, Nigeria.

Abstract

Purpose

This study examines the level of awareness about high blood pressure and the role of librarians in the dissemination of health information among residents in Lagos State, Nigeria.

Design/methodology/approach

The population comprised high blood pressure patients at the University of Lagos Teaching Hospital in Lagos State, Nigeria. A sample of 900 patients was taken from the existing population of high blood pressure patients comprising male and female aged 15-55 years and above. Data for the study were collected through the use of a structured questionnaire. Few in-depth interviews were also conducted to enrich the data from the structured questionnaire. Some descriptive statistical techniques were used to analyze the data obtained from the structured questionnaire, while the data obtained from the in-depth interviews were subjected to content analysis.

Findings

The findings revealed that awareness about high blood pressure was generally low among the study population. It was also discovered that the librarians working in the medical and public libraries in Lagos State provided information services to members of the communities. However, the librarians affirmed that their role in the dissemination of information to the public was inadequate.

Research limitations/implications

The study was limited to the high blood pressure patients at the Lagos State University Teaching Hospital, while the patients attending other hospitals in Lagos State were not included as a result of time factor and lack of funding for the research. The views of the excluded category of patients on the level of awareness of high blood pressure may vary.

Originality/value

Good health is the bedrock of human development, and awareness is the first step in the battle against the scourge of ill-health. Recognizing the need for increased level of awareness and the value of disseminating useful information are vital to patients in the management of high blood pressure.

Details

Library Review, vol. 66 no. 4/5
Type: Research Article
ISSN: 0024-2535

Keywords

Expert briefing
Publication date: 18 May 2020

Lagos' eased lockdown.

Details

DOI: 10.1108/OXAN-DB252659

ISSN: 2633-304X

Keywords

Geographic
Topical
Article
Publication date: 1 February 1989

Olu Fadahunsi

The history of the public enterprisesector in Nigeria is described in somedetail, with an emphasis on the stepsthat have been taken to improve therunning of the enterprises since…

Abstract

The history of the public enterprise sector in Nigeria is described in some detail, with an emphasis on the steps that have been taken to improve the running of the enterprises since civilian government of the country. In the face of extremely difficult circumstances, including massive devaluation, the country has fought its way back from a position of enormous problems to one of relative economic growth.

Details

International Journal of Public Sector Management, vol. 2 no. 2
Type: Research Article
ISSN: 0951-3558

Keywords

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