INFINITY PRESS

 Journal

 Public Infrastructure Vs. Residential Property Rental Value In Lagos, Nigeria

 Jimoh Doyinsola Adeola And Ige Victor Olutope

 2017

Basic infrastructures have suffered major neglect over a long period of time in many Nigerian cities. Yet, the efficiency of any form of human activity largely depends on the provision of efficient infrastructure which in turn affect the demand and choice of residential property. This study examined the impact of infrastructure provision on property values in Lagos, Nigeria. Questionnaires were administered on residents across the low, medium and high residential neighbourhoods as well as registered Estate Surveyors and Valuers in Lagos State. Data was analysed by both descriptive and inferential statistical tools. The study revealed that infrastructure provision has a population magnet attracting more people to settling in a particular neighbourhood. The model summary for regression of the effect of infrastructures on property values further revealed 99.8%, 99.3% and 99.7% of the sampled variations in low, medium and high density areas respectively are attributed to the residential rental value. Fair and equal distribution of infrastructures is hence recommended to reduce discrimination on the basis of availability. Also, government should embark on site and service scheme to provide infrastructures and other amenities that will enhance property values in the less accessible areas.

 

 European Scientific Institute, ESI

 Journal

 Relevance Of Entrepreneurship Education In Real Estate Practice For Sustainable National Growth

 Mbazor David Ngwoke, Adebayo Michael Adedayo And Ige Victor Olutope

 2017

The study examined the relevance of entrepreneurial education to the practice of estate surveying by the graduates of Estate Management in becoming self-made entrepreneurs in their chosen field. Real estate is a multi-disciplinary field that comprises all areas of construction, design and management, such as property management consultancy, valuation services, agency administration, and real property development services. The study reviewed related literatures, such as real estate management, investment, entrepreneurship education in real estate business. The study used questionnaire, oral and telephone interview to collect samples, and the study population was centered on graduates of estate management practicing in various firms in Abuja. Some of the specific issues addressed include but not limited to current place of employment, level of satisfaction of the young graduates, willingness to go into full time practice by starting up their own estate firms. The study revealed that 94.2% of the respondents were strongly willing to start up their own private firm, while the remaining people had different sheds of opinions. Therefore, it was recommended among other things that government and good spirited individuals make a startup capital available for graduates of estate management who are willing to become real estate entrepreneurs. In addition, further training on business ideas will assist them in no small measure in actualizing their dreams of becoming employers of labour thereby contributing to the growth of the nation.

 

 

 Pacific Rim Property Research Journal, 24:2, 139-148, DOI: 10.1080/14445921.2018.1461768

 Journal

 Variation In Compensation For Compulsory Property Acquisition: Ondo State, Nigeria Experience

 Victor Olutope Ige & Rasidat Adejoke Oladapo

 2017

The purpose of this paper is to assess the variation in compensation offered to claimants by the acquiring authority and the value arrived at by the Consultant Private Valuers, following the acquisition of private properties for road widening project in Owo, Ondo State, Nigeria. Paired-samples T-test was adopted in comparing the means between compensation offered to the affected property owners and the Private Valuers Value. Findings show a significant difference in compensation paid by the government to the affected property owners and the value arrived at by the private estate surveyors and valuers. Further analysis of the means score of the compensation paid and Private Valuer’s Value with the direction of the t-value of ?11.092 revealed a statistically significant gap between the compensation paid and the Private Valuer’s Value after the acquisition project from N 1,771,914.25 ± N 1,450,840.39 to N 1,505,761.26 ± N 1,233,585.35 (p < .05); signifying a loss of N 160,218.52 ± N 136,226.71 to the claimants. The study concludes that this practice is a deprivation of claimant rights and falls short of the world best practice of fair compensation. In order to ensure that compulsory property acquisition is done legally, claimants should be justly recompensed. 

 FUTY JOURNAL OF THE ENVIRONMENT Volume 11, Number 1, November 2017

 Journal

 Analysis Of The Relationship Between Motivation And Professional Performance: A Case Study Of Estate Surveying And Valuation Firms In Lagos, Nigeria

 Ige, V. O.

 2017

The study examines the relationship between motivation and professional performance of employees within an organization, particularly, Estate Surveying and Valuation (ESV) Firms in Lagos, Nigeria. To achieve this aim, 190 ESV Firms were purposively sampled from the 362 ESV Firms within Lagos, Nigeria. Data for this study was obtained through a structured questionnaire distributed to the 190 purposive selected employees of the ESV firms (one employee per firm) on matters pertaining to their motivation. Similarly, management of the respective firms were sequentially required to rate the level of professional performance of their employees. The data collected on the rankings of factors that motivates employees’ was analyzed through Principal Components Analysis, while Goodman and Kruskal's gamma was used to analyze the relationship between motivation and professional performance. Since, Goodman and Kruskal's gamma analysis does not make any distinction between employees’ performance and motivation, Somers' delta analysis was further carried out to measure the strength and direction of association that exists between employees’ performance and motivation. The result showed that all the motivation variables are explained by the extracted factors, well fitted with the factor solution and appropriate for explaining motivation. These variables through the Principal Components Analysis were classified into intrinsic and extrinsic motivational factor as germane to the Firms. A strong positive relationship between motivation and employee professional performance at .000 significant level was established (d = .875, p < .0005). It is recommended that employers, professionals and other stakeholders should match all the motivational factors while dealing with their employees to succeed in the workplace and attain more competence in their professional performance. 

 The Proceedings Of Environmental Design And Management International Conference, OAU

 Conference

 AN INVESTIGATION INTO THE CHALLENGES AND PROSPECTS OF SYSTEMATIC LAND TITLING IN ONDO STATE, NIGERIA

 Victor Olutope Ige, Rasidat Adejoke Oladapo And Titilayo Teresa Eniyansoro

 2017

The existing approach to land title and registration administration in the urban areas of Sub-Saharan Africa especially in Nigeria is fraught with many problems. Landownership is either unwritten or informally recorded. The consequential effect is the several problems ensuing from use, development and management of land. Hence, this paper presents the challenges and prospects of Systematic Land Titling (SLT) in Ondo State, Nigeria as an appropriate tool for land management. Questionnaires are administered to 25 Estate Surveying and Valuation firms, 56 Land Surveying firms and 60 purposively selected applicants from the selected areas in Akure South, Akure North and Ifedore Local Government areas of Ondo State, Nigeria. Data obtained were analysed using both descriptive and inferential statistical tools. Findings revealed that ownership conflicts and disputes over land boundaries were prominent land development challenges in the study areas. The principal prospects of SLT that could help alleviate the land development challenges are: enhancement of land information management and compulsory titling registration of all land. In response to the need for innovations, strategies and technology for improved land administration and management, every effort should be geared towards the success of the systematic land titling. 

 Journal Of Contemporary Research In The Built Environment Volume 1, Number 1, March 2017 Balola University, Nigeria

 Journal

 OIL PIPELINE VANDALISM AND RESIDENTIAL PROPERTY RENTAL VALUE: EMPIRICAL EVIDENCE FROM NIGERIA

 Victor Olutope Ige And Adedamola Fisayo Audu

 2017

Purpose: The incidence of oil pipeline vandalism in Nigeria is on the increase and often a threat to the host communities. Environmental degradation, hazard to human livelihoods and health amongst others are consequential effects of oil pipeline vandalism which oftentimes generate stigma to the surrounding properties and dis-amenity to property values. The purpose of this study is to examine the effect of oil pipeline vandalism on residential rental values. Design/methodology/approach: To achieve this, questionnaires was distributed to 400 tenants drawn from four purposively selected residential estates in the case study areas. Data gathered was analysed using both descriptive (relative importance index) and inferential statistics (linear regression model) to identify factors that motivates tenant’s choice of settling down in the study area and the factors that determines residential property rental value in the area. Findings: The findings show ‘loss incurred to vandalism in monetary terms’ alongside six other explanatory variables as statistically significant to residential rental value in the study area. Originality/value – The outcome of the paper will assist property owners, occupiers, Real Estate Surveyors and Valuers, developers, and other stakeholders in the real estate sector on how oil pipeline vandalism could impact investments and returns. This indicates that the linear regression model offers an explanatory power to understand the essential factors impacting residential property rental value and real estate development. 

 Nigerian Journal Of Environmental Sciences And Technology (NIJEST), Vol 1, No. 2 July 2017, Pp 309 – 317

 Journal

 Maintenance Practice And Occupant’s Satisfaction In Public Housing Estates: An Osobgo, Nigeria Perspective

 Ige V. O., Binuyo O. P. & Jimoh D. A.

 2017

The paper appraises the maintenance practice and residents’ satisfaction of public housing estates in Osogbo, Nigeria with a view to encouraging best practices and adequate maintenance strategies in a proposition to preserving the existing housing stock and enhanced maintenance of public estates in the study area. One Hundred and Five (105) questionnaires were distributed among the residents of two (2) residential estates and 97 questionnaires were retrieved, representing 92.40%. Opinion of the Estate Surveyors and Valuers was also sought on the factors affecting maintenance in public housing estate. Analysis was carried out through the use of mean, severity index, cross-tabulation and Chi-Square test of association. It was discovered that there is no statistically significant relationship between maintenance practice and public services alongside infrastructures in the estates. Although, there is a significant relationship between occupants’ level of satisfaction with maintenance of public services and infrastructures; the Phi and Cramer's V tests revealed a very weak strength in the association. The paper therefore suggests an integrated maintenance approach for effective upkeep of public estates infrastructures and facilities. 

 AFRREV VOL. 11 (2), SERIAL NO. 46, APRIL, 2017:1-13

 Journal

 Formal Land Titling Vs. Small And Medium Enterprises’ (SMEs’) Access To Credit: The South-Western Nigerian Experience

 Ige Victor Olutope, Mbazor David Ngwoke And Akinlabi, Akintomide Joseph

 2017

SMEs play vital roles in national economic development. However, lack of formal land title often times deprived them the right to use assets as collateral. The wealth entrenched in assets is thus not properly being deployed. Hence, this study expounded the impact of formal titling on access to credit from the viewpoints of entrepreneurs in the South-Western Nigeria. To achieve this, questionnaires were distributed to 200 randomly selected SMEs across the study area. Data gathered were analyzed using descriptive and inferential statistical analysis. Findings showed that the ratio of commercial banks' loans to SMEs compared to private sector is at lower ebb. There were significant differences in some of the factors influencing SMEs in case study areas. In addition, the study revealed collateral, firm staff strength, firm’s age and annual financial statement as having significant effect and positive relationship on SMEs access to credit. The outcome of the study will assist stakeholders in SMEs, relevant government institutions and government to understand the significance of land titling in the provision of loan to SMEs. It would also contribute to relevant policy aimed at encouraging land titling among SMEs in order to further bridge SME financing gap due to collateral. 

 Department Of Geography And Environmental Studies, Bahir Dar University, Ethiopia

 Journal

 Compulsory Land Acquisition And Compensation: Coastal Communal Perception

 Ige, V.O., Akilabi, A.J. And Adeola, T.O

 2016

Abstract

The extent of manageable displacement is one of the biggest problems faced today in coastal regions during compulsory land acquisition. Coastal communities are usually extremely affected due to scarcity of land. The resultant effect is often flawed mega projects, loss of lives, mass resistance and sometimes violent protests. It is upon this premise that this paper investigates the issue by exploring the views of riverine communities in Ondo State, Nigeria towards compulsory acquisition and compensation. To achieve this, six coastal communities (Igbokoda, Ugbonla, Igbegunrin, Mahin, Mahintedo and Aiyetoro) were selected. Questionnaires were randomly administered on One hundred and eighty (180) communal in the selected areas out of which One hundred and twenty (120) were retrieved and analysed using qualitative descriptive statistics. The result of the analysis revealed “cessation of income generating activities” (traditional jobs and productive skills), “decline in living standard”, and “weakened community institutions and social networks” as major perspectives of coastal communal to land acquisition in the study area. Coastal communal expectations from the acquiring authority includes “allocation of sufficient time and resources for community consultation over land acquisition and compensation issues”, “reduction in physical displacement” and “employment assistance for the land-loss communities’ labor force market”. The study recommends adequate allocation of time and resources for community consultation over land and compensation issues, as the majority of coastal population greatly relied on land as source of livelihood.

 

 Joint International Conference Editorial Committee

 Conference

 Assessment Of Public Land Acquisition Process In Ondo State, Nigeria

 Ige, V. O. & Akinlabi, A.J.

 2016

Acquisition process usually leaves in its trail a number of unresolved problems after itscompletion. This is often complicated through political interference leading to compensatoryproblems, inability to take successful possession of the acquired land and consequent delay inproject executions. This paper assesses the process of acquisition in Ondo State in order to identifygaps between the set standards and the existing practice. To achieve this, the actual output of theprocess in some selected acquisitions vis-a-vis set standards in the acquisition process was gottenfrom the Ondo State Land Records Bureau. The result of the analysis revealed that 60 workingdays is the average time required for processing an acquisition for land of less or equal to 30hectares. The least possible time for proper acquisition is 33 working days with an average of 62official table exchanges from the least officer to the State Governor. Nine Acquisition projectswere considered between 2010 and 2014. It was observed that only three of the projects wereconcluded which is inconsistent with the set standard. On the general assessment; siteidentification, perimeter survey, release of funds, title clearance and payment of compensationwere identified as possible policy targets to improve on to enhance effective public landacquisition process in the study area. Inflation of the cost of acquisition projects, increase inhostility from the affected community, increase costs and stifling of Government remedy projectsdue to unresolved appeals were implications of the deficiencies in acquisition process. The paperrecommends a critical attention to the procedures of public acquisition aimed at achieving thelevel of efficiency required by the masses to derive optimum benefits from governmentinvestments and minimizing waste of time and money.