Abstract
Abstract. The implementation of Public-Private Partnership (PPP) in housing provision in Nigeria meant to increase urban housing provision and address housing affordability and accessibility problems. Consequently, the study aims to identify the critical success factors of Public-private partnerships for affordable housing provision in Nigeria. However, the data were obtained using interviews with PPP experts to build the questionnaire for affordable housing in Nigeria. Overall, 254 responses were obtained and analysed using smart PLS to identify PPP success factors for affordable housing in Abuja. The result shows that good governance, availability of financial markets, Sound economic policies, consistency monetary, a commitment of public and private sectors are the key parameters of PPP for affordable housing in Nigeria. Therefore, the main contributions of the article indicate that strong government intervention, dependent of foreign building materials, easier access to mortgage institutions, and provision of land at no cost are the challenges to address in order to succeed in providing affordable housing in Nigeria. It is therefore recommended that a good design a framework should put in place in order to achieve the desired aim of providing affordable housing in Nigeria.
Highlights
It is anticipated that by the year 2030, three billion people or approximately 40% of the world's population will face the challenges of adequate and affordable housing (UN-Habitat, 2006)
Most of the respondents that participated in Private Partnership (PPP) project worked for a good number of years in the PPP project From Figure 1(a), it can be deduced that the respondents had the necessary experience to carry out this research survey because 78.9 per cent of the respondents had at least one to 20 years working experience, while over 20 years has25.8 per cent and those without experience has only 10.9% in PPP project
Just like the previous public housing delivery strategy, this approach cannot be a home for high-income and middle-income earners in Abuja Nigeria
Summary
It is anticipated that by the year 2030, three billion people or approximately 40% of the world's population will face the challenges of adequate and affordable housing (UN-Habitat, 2006). The provision of housing is limited by the weak governance system and deficiency of people resources, and by the regulation and institutions which are lacking in capacity, poorly informed or obsolete (UN-Habitat, 2015). Nigeria constructs about 600,000 fewer homes than is needed, adding to the current 23 million deficit that has grown for decades. This deficit has accrued since the years of a supply shortage. The key motivation is the opportunity for the government to bind cash to get new private financing sources to meet the cost of adequate housing provision (Babatunde et al, 2012)
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