Contribution and challenges of the private sector’s participation in housing in Nigeria: case study of Akure, Ondo state

Abstract

Housing inadequacy in Nigeria’s rapidly growing urban centres is manifested in qualitative and quantitative terms. Government’s efforts at mass delivery of houses have failed to achieve the desired result, hence the collaboration between the public and private sector to bridge the wide housing gap. A study into the public–private partnered initiatives at mass delivery of housing in Akure, Nigeria was undertaken. Seven housing schemes of this sort were identified and studied, taking their contributions to bridging the housing gap in the city into account. The achievement is meagre though progressive strides are discernable. The macroeconomic environment, continued dominance of the public sector, bureaucratic bottlenecks, and socio-cultural issues presented serious challenges to active private-sector participation. Affordability is elusive; execution of the projects had some problems while political manoeuvrings impacted on the projects negatively. It is affirmed that participation of the private sector has potential for improving housing delivery; however, the present operation needs to be fine-tuned for future success.