Browsing by Author "Timothy Tunde Oladokun"

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    EMPLOYEE EMPOWERMENT IN NIGERIAN ESTATE SURVEYING AND VALUATION FIRMS
    (AAUA Journal of Environmental Design and Management, 2024-08) Samson Oluseun Ojekalu; Timothy Tunde Oladokun; Adekunle Sunday Adeogun; Halim Yusuf Agava
    Abstract This paper examined employee empowerment practice of estate surveying and valuation firms in Nigeria with a view to improving its extent of adoption and firm performance. Primary data were used for the study. Questionnaire was administered to practicing Estate Surveyors and Valuers (ESV) in Lagos, Abuja, and Port Harcourt. Estate Surveyors and Valuers Registration Board of Nigeria Directory showed there were 272, 143, and 67 firms in the three cities respectively. Seventy per cent in each of the cities were selected using a simple random technique. Hence, 190, 100, and 47 ESV were selected in Lagos, Abuja, and Port Harcourt respectively and 149, 83, and 42 copies of the questionnaire were retrieved. Information on empowerment practice in terms of types and extent of adoption was measured using scales developed in the literature. The data were analysed using mean ranking. The study found that the types of empowerment practiced in Nigeria by estate surveying and valuation firms were psychological empowerment (2.85) and structural empowerment (2.74). The extent of adoption of empowerment practices was moderate. Competence attribute of psychological empowerment was moderately practiced in Nigeria (3.43) and Lagos (3.44) whereas in Abuja and Port Harcourt, it was practiced highly with mean values of 4.49 and 3.74 respectively. Similarly, the impact attribute of psychological empowerment was practiced little across the three cities. The structural empowerment practiced was little in Lagos (1.99), Abuja (2.39), and Nigeria (2.31) but was moderate in Port Harcourt (2.85) while the reward system (2.31) of structural empowerment was rarely practiced in Nigeria. The study concluded that employee empowerment practice of Nigerian Estate Surveyors and valuers is moderate and that they should be more committed to the implementation of both psychological and structural empowerment in order to enhance employees' commitment and loyalty. The estate surveying and valuation firms should incentivise their employees either financially and non financially when they are instrumental to the facilitation and consummation of real estate transactions to boost their morale which in effect leads to quality service delivery. .
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    Evaluation of trends in returns on real estate investment and infrastructure conditions indices in Abuja, Nigeria.
    (The University of KwaZulu-Natal, 2023) Adekunle Sunday Adeogun; Ranti Taibat Adebiyi; Namnso Bassey Udoekanem; Ethel Asinya Mendle; Timothy Tunde Oladokun
    Functional infrastructure tends to influence returns in the property investment market. This study adopted exploratory research design to evaluate the flow of returns on property investment and infrastructure conditions indices in Abuja between 2012 and 2021. Data were obtained via questionnaire, distributed to real property appraiser firms and residents of the selected neighbourhoods. Random variety technique was adopted to administer the questionnaire to six hundred and eighty two (682) respondents out of which four hundred and eighty five (485) were retuned for the analysis representing a response rate of 71%. Descriptive system of data analysis were used, Coefficient of Variant (COV) and Rank-order relationship representation were also used to evaluate the returns on investment in the selected neighbourhoods of Abuja and to establish the indices of conditions bench mark for least suitable standard conditions of infrastructure. Kendall Coefficient of Concordance was applied to weigh up the relationship between the ranked variables. Analysis revealed higher ideal infrastructure conditions indices in Wuse II and Maitama (ranging from 82%-92% and 81%-94%) contrast with stipulated average at 60%, whereas the condition of infrastructure at Kubwa and Lugbe were discovered to be below the normal standard condition. Kubwa and Lugbe property markets in Abuja performed better than Maitama and Wuse on the basis of risk-return ratio analysis and showed reliable market performance while Maitama and Wuse property markets exhibited opposite. Kubwa and Lugbe real estate markets revealed stable market lower risk range of 8%-36%. It was concludes that, neighbourhood facilities play significant weight in influencing the returns on property investment and this calls for better consideration when taking property investment decision.