Evaluation of the contribution of National Housing Fund scheme towards housing delivery in Nigeria

One of the three most important basic needs of mankind which has not been adequate for the citizenry right from the independence in 1960 till date is Housing. Finance has been fingered as one of the predicaments towards its actualization because housing provision requires huge capital outlay. The Na...

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Main Authors:	Adedokun, O.A., Akinradewo, F.O., Adegoke, J.O., Abiola-falemu, J.O.
Format:	Article
Language:	English
Published:	Penerbit UKM 2012
Online Access:	http://journalarticle.ukm.my/6562/ http://journalarticle.ukm.my/6562/ http://journalarticle.ukm.my/6562/1/52-88-1-SM.pdf

id	ukm-6562
recordtype	eprints
spelling	ukm-65622016-12-14T06:41:32Z http://journalarticle.ukm.my/6562/ Evaluation of the contribution of National Housing Fund scheme towards housing delivery in Nigeria Adedokun, O.A. Akinradewo, F.O. Adegoke, J.O. Abiola-falemu, J.O. One of the three most important basic needs of mankind which has not been adequate for the citizenry right from the independence in 1960 till date is Housing. Finance has been fingered as one of the predicaments towards its actualization because housing provision requires huge capital outlay. The National Housing Fund (NHF) scheme was considered relative to the number of contributors, accessibility of the fund when required and how it has affected the provision of housing in Nigeria. Data for this work were obtained from the Federal Mortgage Bank of Nigeria (FMBN) which is the apex bank for mortgage institutions. The study revealed that few mortgagors have benefitted from the scheme,funds are locked up without disbursing adequate amount to the contributors as there is wide gap between the amount that mortgagors actually applied for and the amount so approved for the provision of housing in Nigeria. The paper recommended that contributors should be allowed to benefit from NHF scheme, while funds locked up should be adequately disbursed to the loan applicants by ensuring that there is reduction in the wide margin between amount applied for and the amount so approved to allow for effective utilization of the fund. Penerbit UKM 2012 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/6562/1/52-88-1-SM.pdf Adedokun, O.A. and Akinradewo, F.O. and Adegoke, J.O. and Abiola-falemu, J.O. (2012) Evaluation of the contribution of National Housing Fund scheme towards housing delivery in Nigeria. Journal of Building Performance, 3 (1). pp. 35-41. ISSN 2180-2106 http://spaj.ukm.my/jsb/index.php/jbp/index.html
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	One of the three most important basic needs of mankind which has not been adequate for the citizenry right from the independence in 1960 till date is Housing. Finance has been fingered as one of the predicaments towards its actualization because housing provision requires huge capital outlay. The National Housing Fund (NHF) scheme was considered relative to the number of contributors, accessibility of the fund when required and how it has affected the provision of housing in Nigeria. Data for this work were obtained from the Federal Mortgage Bank of Nigeria (FMBN) which is the apex bank for mortgage institutions. The study revealed that few mortgagors have benefitted from the scheme,funds are locked up without disbursing adequate amount to the contributors as there is wide gap between the amount that mortgagors actually applied for and the amount so approved for the provision of housing in Nigeria. The paper recommended that contributors should be allowed to benefit from NHF scheme, while funds locked up should be adequately disbursed to the loan applicants by ensuring that there is reduction in the wide margin between amount applied for and the amount so approved to allow for effective utilization of the fund.
format	Article
author	Adedokun, O.A. Akinradewo, F.O. Adegoke, J.O. Abiola-falemu, J.O.
spellingShingle	Adedokun, O.A. Akinradewo, F.O. Adegoke, J.O. Abiola-falemu, J.O. Evaluation of the contribution of National Housing Fund scheme towards housing delivery in Nigeria
author_facet	Adedokun, O.A. Akinradewo, F.O. Adegoke, J.O. Abiola-falemu, J.O.
author_sort	Adedokun, O.A.
title	Evaluation of the contribution of National Housing Fund scheme towards housing delivery in Nigeria
title_short	Evaluation of the contribution of National Housing Fund scheme towards housing delivery in Nigeria
title_full	Evaluation of the contribution of National Housing Fund scheme towards housing delivery in Nigeria
title_fullStr	Evaluation of the contribution of National Housing Fund scheme towards housing delivery in Nigeria
title_full_unstemmed	Evaluation of the contribution of National Housing Fund scheme towards housing delivery in Nigeria
title_sort	evaluation of the contribution of national housing fund scheme towards housing delivery in nigeria
publisher	Penerbit UKM
publishDate	2012
url	http://journalarticle.ukm.my/6562/ http://journalarticle.ukm.my/6562/ http://journalarticle.ukm.my/6562/1/52-88-1-SM.pdf
first_indexed	2023-09-18T19:47:16Z
last_indexed	2023-09-18T19:47:16Z
_version_	1777405983669092352

Evaluation of the contribution of National Housing Fund scheme towards housing delivery in Nigeria

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