Browsing by Author "Oladimeji, Samuel Bolaji"
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Item Advancing Property Investment Returns through Improved Urban Neighbourhood Infrastructure Conditions in Jos City(Faculties of Engineering and Environmental Sciences, Osun State University, Osogbo, Osun State, Nigeria, 2021-11-23) Adeogun, Adekunle Sunday; Shittu, Wasiu Oyewale; Agava, Halim Yusuf; Oladimeji, Samuel BolajiInfrastructure is one of the substantial indicators of neighbourhood and urban quality; it possesses the capability to draw and sustain returns on property investment. This study focuses on the urban neighbourhood infrastructure conditions as a pointer to ideal residential property investment returns in Jos city, Nigeria. The study adopted a survey research design using structured questionnaires to gather the required data. The data required are property transaction data on rental value and capital value of residential properties and the conditions of basic infrastructure in the selected neighbourhoods of Jos city. These data were sourced from practicing Estate Surveyors and Valuers practicing in Jos as well as the residents of the selected neighbourhoods. The estimated sampled size was 251 and only 161 questionnaires were recovered. The data collected were analysed using descriptive and inferential statistics. They are mean score, standard deviation, coefficients of variation and Spearman’s Rank Order Correlation model. The results of the analysis revealed that residential property investment performed better in Gwang layout and Lowcosts than Rayfield and Kufong areas on the basis of risk-return. The risk-return ratios range between 8% and 38%. Rayfield and Kufong residential market showed high level market volatility indicating the risky nature of these property submarkets. Infrastructure condition indices in Rayfield and Kufong is higher than ideal condition index (Benchmark), ranging between 72%-89% and 81%-94%. Few urban neighbourhood infrastructure conditions in Gwang Layout and Lowcosts are found to be below the benchmark. The study concluded that infrastructure has a strong influence on residential property investment returns in the study areas. It therefore, recommended that infrastructure condition should be given special attention when forming opinion on residential property investment.Item ADVANCING PROPERTY INVESTMENT RETURNS THROUGH IMPROVED URBAN NEIGHBOURHOOD INFRASTRUCTURE CONDITIONS IN JOS CITY(Faculty of Engineering and Environmental Sciences, Osun State University, Osogbo, Nigeria., 2021-12) Adeogun, Adekunle Sunday; Shittu, Wasio Oyewale; Agava, Halim Yusuf; Oladimeji, Samuel BolajiInfrastructure is one of the substantial indicators of neighbourhood and urban quality; it possesses the capability to draw and sustain returns on property investment. This study focuses on the urban neighbourhood infrastructure conditions as a pointer to ideal residential property investment returns in Jos city, Nigeria. The study adopted a survey research design using structured questionnaires to gather the required data. The data required are property transaction data on rental value and capital value of residential properties and the conditions of basic infrastructure in the selected neighbourhoods of Jos city. These data were sourced from practicing Estate Surveyors and Valuers practicing in Jos as well as the residents of the selected neighbourhoods. The estimated sampled size was 251 and only 161 questionnaires were recovered. The data collected were analysed using descriptive and inferential statistics. They are mean score, standard deviation, coefficients of variation and Spearman’s Rank Order Correlation model. The results of the analysis revealed that residential property investment performed better in Gwang layout and Lowcosts than Rayfield and Kufong areas on the basis of risk-return. The risk-return ratios range between 8% and 38%. Rayfield and Kufong residential market showed high level market volatility indicating the risky nature of these property submarkets. Infrastructure condition indices in Rayfield and Kufong is higher than ideal condition index (Benchmark), ranging between 72%-89% and 81%-94%. Few urban neighbourhood infrastructure conditions in Gwang Layout and Lowcosts are found to be below the benchmark. The study concluded that infrastructure has a strong influence on residential property investment returns in the study areas. It therefore, recommended that infrastructure condition should be given special attention when forming opinion on residential property investment. Keywords: Residential, Returns, Property investment, Neighbourhood, Infrastructure, Property Market.Item Urban agriculture and safe city concepts: palpable links for the urban poor in Ilorin, Nigeria(Faculty of Environmental Sciences, University of Ilorin, 2022) Aduloju, Olalekan Tolulope Bodunrin; Akinbamijo, O.B.; Bako, Abdullateef Iyanda; Anofi, Abdulfatai Olanrewaju; Oladimeji, Samuel BolajiDivers urban populations, including the poor, adduced urban and peri-urban agriculture (UPA) as essential food sources. Urban agriculture (UA) as a safe city concept is increasingly considered a building block in ensuring safe living and economic prosperity and as a leeway of returning the cities to city dwellers. Arguments favouring safe cities revolve around claims that they are more efficient, inclusive and sustainable. Integration of UA into the safe city concept provides an intervention to quadruplicate issues tied to livelihood, access to resources, knowledge and rights of the urban poor. Based on the preceding premise, this study assesses urban agriculture vis-à-vis strategies and contributions of UA to the livelihoods of the urban poor in Ilorin, with a view to enhancing a safe city. The study employed data from primary and secondary data sources for the methodology. Also, questionnaire administration, interview guide, personal observation and GPS all sufficed for the data instrumentation. Therefore, this study identified 11 areas within the Ilorin metropolis where UA is profoundly and widely practised. All these amounted to (144) UA sites surveyed. Descriptive analysis was employed to show charts and tables. Key findings revealed that nearly 15Ha of land was committed to UA in the Ilorin metropolis and spatial analysis through Average Nearest Neighbour Analysis (ANNA) revealed that UA sites were clustered and not randomly distributed. Also, the UA industry efficiently employs close to 902 persons annually and has raised the real income of almost 50% of poor people in Ilorin. The study concludes that city managers embrace broader responsibility by developing new ways of incorporating new UA functions in the urban planning system that would guarantee a safe city.