Framework of property rating practice for financing neighbourhood facilities provision in Nigeria
This study proposed a framework of property rating practice for financing neighbourhood facilities provision in Bauchi metropolis of Nigeria. The deplorable condition of neighbourhood facilities in the study area persists, while the existing initiative aimed at maintaining and redeveloping the co...
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| Main Author: | |
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| Format: | Thesis |
| Language: | English English English |
| Published: |
2017
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| Subjects: | |
| Online Access: | http://eprints.uthm.edu.my/319/1/HABU%20MALLAM%20BABA%20COPYRIGHT%20DECLARATION.pdf http://eprints.uthm.edu.my/319/2/24p%20HABU%20MALLAM%20BABA.pdf http://eprints.uthm.edu.my/319/3/HABU%20MALLAM%20BABA%20WATERMARK.pdf |
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| Summary: | This study proposed a framework of property rating practice for financing
neighbourhood facilities provision in Bauchi metropolis of Nigeria. The deplorable
condition of neighbourhood facilities in the study area persists, while the existing
initiative aimed at maintaining and redeveloping the community facilities has not been
implemented. This study examined the existing condition of neighbourhood facilities
in the study area, and evaluated the most significant factors that militated against the
implementation of property rating practice for financing neighbourhood facilities
provision. The study has collected quantitative data, and used SPSS for the descriptive
analysis, reliability analysis and exploratory factor analysis; and applied Structural
Equation Modelling (SEM) with Analysis of Moment Structure (AMOS) for the
analyses of the measurement and the structural measurement models. Findings
revealed that Over-Reliance on Crude Oil Revenue and Poor Taxation System are the
most significant factors militating against the implementation of property rating
practice in Bauchi metropolis. And that ‘lack of political will’ is a factor that
significantly affects the existing condition of neighbourhood facilities in the study
area. In conclusion the study has proposed Land area-based assessment for rating
valuation, using Google Earth/Map for property identification, enumeration and
measurement in the proposed framework in order to achieved cost-effectiveness in
assessment. The significant contribution is that, the study has proposed a new costeffective
framework of Property Rating Practice for financing neighbourhood facilities
in the study area. It was recommended that the government should diversify revenue
source from oil-based to harness all avenues like property rating at municipal level so
as to finance neighbourhood facilities provision and maintenance. Future studies
should find out, apart from Over Reliance on Crude Oil Revenue and Poor Taxation
System, whether some other factors militate against the implementation of property
rating in the study area and beyond. |
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