Housing Finance and Mortgage Service Delivery in Lagos State Nigeria
- Author Kesinro,Olalekan Rasheed
- Co-Author Oguntuase,Ruth Olayemi, Adenugba, Adesoji Adetunji
- DOI
- Country : Nigeria
- Subject : Administration & Management
Keywords : Mortgage Banks, Housing Loan, Housing Cost, Mortgage Service Delivery
Abstract
The paper examines housing finance and mortgage service delivery in Lagos State, Nigeria. The descriptive survey research design was adopted while the simple random sampling technique was used to draw a sample of 180 respondents that are senior management staff from the mortgage banks in the state. Questionnaire was the main instrument for data collection, measured on a 5-point Likert Scale. Data collected were analyzed using the descriptive statistical techniques of Percentiles and Pearson Correlation with the aid of Statistical Package for Social Sciences (SPSS) software for editing and encoding. The result shows that there is a strong positive relationship between joint effect of housing finance, housing cost and government housing policy and mortgage service delivery (R = 0.845, p < 0.05). The study recommends that Mortgage Finance Institutions/Managers should recognize that the synergy among all the stakeholders to enhance adequate provision of housing infrastructures across the state and the entire country at large.
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