Effect of Public-Private Partnership Policy on Affordability of Housing in Federal Capital Territory

Abstract

The study investigated the effect of public-private partnership policy on the delivery of affordable housing in the Federal Capital Territory, Abuja-Nigeria. Also, other objectives include examining the impact of management contracts on the delivery of affordable housing in Nigeria and identifying the effect of joint ventures on the delivery of affordable housing in Nigeria. The study adopted a survey research design, and a structured questionnaire was used as an instrument for data collection. Data were analysed using descriptive statistics of percentages as well as chi-square analysis. The results showed that there is a significant effect of management on the delivery of affordable housing in FCT, and there is a positive effect of joint ventures on the delivery of affordable housing in FCT. The study concludes that for public-private partnership policy to prosper and achieve these objectives, any partnership must establish metrics for success, be able to quantify and track their accomplishments and be able to identify and address emerging problems. It was recommended that given the positive impact of management contracts and joint ventures on the delivery of affordable housing in FCT, housing developers and policymakers should encourage their use in future projects, as this could be done through incentives such as tax breaks or streamlined approval processes.