An investigation of housing provision strategies adopted by private developers in Lagos, Nigeria

This article investigate the housing provision strategies adopted by private real estate development firms in Lagos, Nigeria with a view to providing information that could enhance housing provision in the country. Primary data utilized for the study were collected through the use of questionnaire administered on the managing partners or head of operations in case of head offices and branch offices of all the 87 private real estate development firms registered under the umbrella of Real Estate Development Association of Nigeria (REDAN) in Lagos State. Data collected were analyzed using descriptive statistics and a one-sample t-test. The result shows that turnkey and presale housing provision strategies were the mostly adopted and effective strategies in the study area while pre-letting is the least adopted strategy. The study also indicated a significant relationship among the housing provision strategies except for Joint finance/Venture, Pre-letting and shell stage Housing. It also provides insight to policymakers and investors on the housing provision strategies that encourage more housing units and serves as a blueprint for decision making. Turnkey and presale housing provision strategies has potential to reduce housing shortage in Nigeria and should be encouraged among private developers.