IMPACT OF URBAN GROWTH ON COMMERCIAL PROPERTY INVESTMENT (A CASE STUDY OF OFFA METROPOLIS)


IMPACT OF URBAN GROWTH ON COMMERCIAL PROPERTY INVESTMENT (A CASE STUDY OF OFFA METROPOLIS)  

SYNOPSIS

The morphology of any town or city in its past and present population determines the nature of social and economic activities in that town. Urban area in search of sites thereby concentrating more workers, buildings and commercial activities in to the area.

Increases in the number of people who live in urban area and the diffusion of urban life to every habitats world would be seen as one of the characteristics features of modern at life which make it necessary for the study of urban growth, so as to examine why it occurs, what happens when it occurs and what and what impact does it have on commercial property values.

Urban growth is in no doubt associated with some inherent problems which call for an effective control that will serve as a guide to up life the living standard of he citizen. These problems can as well as equated or compared to those prevailing in other places. It is therefore hoped that the findings of this project will help both the government investor and their likes appreciate the impact of urban growth and in particular enable the government to plan ahead.

TABLE OF CONTENTS

Title page

Approval page

Certification

Dedication

Acknowledgement

Synopsis

Table of content

CHAPTER ONE

1.0 Introduction

1.1 Statement of the problem

1.2 Aim and objectives of the study

1.3 Significant of the study

1.4 Scope of the study

1.5 Limitation of the study

1.6 Geographical setting

1.7 Historical background

1.8 Definition of term

CHAPTER TWO

2.0 Literature review

2.1 Theories of Urban Growth

2.2 Current factors behind urban growth

2.3 Property as an investment

2.4 Urban growth an property investment

2.5 Factors that affects the determinied commercial

2.6 Property investment

CHAPTER THREE

3.0 Research methodology

3.1 Research design

3.2   Data type and Sources

3.3 Instrumentation for data collection 

3.4 Sample frame sample size  sample procedure CHAPTER FOUR

4.0 Data presentation and analysis

4.1 Growth and population changes in Offa Metropolis

4.2 Effect of urban growth on commercial properties

4.3 Constraint on commercial property development in Offa Metropolis

4.4 Planning restriction

4.5 High cost o construction and development

CHAPTER FIVE 

5.0 Summary, recommendation and conclusion

5.1 Summary findings

5.2 Recommendations

5.3 Conclusion

Bibliography

Appendix

CHAPTER ONE

1.1 BACKGROUND OF THE STUDY AREA

Urban areas are very much human invention which main has evolved as a means of organizing his existence.

In course of time, settlement grew in size and complexity thus, it was observed by “learn and Goodall” (2002) that “the development or urban areas and the increasing proportion of man’s ability to fashion the physical, economic and social world in which he lives”. 

However, distinction must be making between factors bringing about a general growth in urban population and urban areas throughout a nation and those which cause the growth of a particular urban area. Thus, these are those by economic and non-economic factors.

In essence the nature of existing economic activities in Offa metropolis i.e. shops, offices, filling station, small scale industries, poultry gardens, garages, shop building converted to nursery and primary school, market, filling station federal polytechnic, private college of education, school of navy etc have brought a guide the size and character of their  respective income; and their population-number brings a guide to their consumption and land use pattern because the seeds for urban growth are very much contained in their urbanization itself. Also with an increase in real income.

Couple with the limits growth of urbanization in Offa Metropolis, in relation to their economic activities especially in Offa Metropolis has additional people from different place to settle down there. With this increase in population it has brought an additional supply of foodstuff in needed to support the percentage of their total population area. 

[1.1]STATEMENT OF THE PROBLEM

National prosperity as explained by Jackson (2003) depends on considerable extent upon adequate functioning of the economic accomplishment and the social achievement of its urban area.

Thus, with the presence of quietness and some other noticeable activities as mentioned above have brought an unprecedented in dome other states. So this rapid growth on the Offa Township has brought about lots of pressure on the demand for landed property and commercial properties if compared with other sub-urban areas with the state.

In the light of this, that this study is designed to examine the effect of urban growth on commercial property investment in Offa Metropolis.

[1.2]AIM AND OBJECTIVES OF HE STUDY

The topic aim to examining the causes and the impacts of urban growth on the commercial property investment in Offa Metropolis, Ilorin. The following objectives are to be considered.

i. To examine what brought about urban growth in Offa Metropolis

ii. To examine the rate of urban growth in Offa Metropolis

iii. To examine to what extent has the urban growth favour commercial property investment in Offa Metropolis (Kwara State).

iv. To examine other influence and problems caused by the urban growth.

v. To suggest possible solutions to the problems identified.

[1.4]SCOPE AND LIMITATIONS OF THE STUDY

The scope is to highlight the impact of the urban growth on commercial property investment in Offa Metropolis.[1] The difficulties encountered during this research were basically on data collection; thus, this has been described as the most tedious, pain and in some area cases frustration so to say. (2)Also inability to obtained the data at the material time contribute to the researcher’s problem which is the back borne for the success of this project. [3]In addition, is the difficulty encountered in tracking down the corners in Offa Metropolis (Kwara State).

In fact, for any research of this nature as a relatively long period of sustained concentration is very vital.

In a nutshell, the researcher’s has rather suffered much interrupted due to above listed reason.

However, despite all odds, the various information collected have been critically synthesis and analyzed to make the research more meaningful and useful.

[1.8] DEFINITION OF TERMS

Investment: The money that people or organizations have put into a company, business or bank in order to get a profit or to make a business activity successful. Willing made a number of high risk investments in the property market during the late 80’s.

Urbanization: the development of town or city areas and the increasing proportion of man’s ability to fashion the physical, economic and social world in which he lives. Urban areas are thus very much a human invention which man has evolved as a mean of organizing his existence. There are many problem involved in defining the term urban area. Depending upon the point of view from which a study is being made the urban area may refer to the physical and geographical thinks of an urban area one has in a limited area and are separated form other such centers by a much greater area of thinly settled land. Also the residents of such places are normally, although not wholly, engaged in non-agricultural occupations. Thus urban areas have important functions connected with those manufacturing and services activities which are performed from centralized locations. This would cover the case of an urban area whose functions were primarily the provision of services for the surrounding agricultural area. Furthermore, through out this and the following part of the book other terms urban area, city and town are used to mean the same thing.

Property: The thing or things that someone owns a word meaning a building, a piece of lands, or both together used especially lawyers or Estate agent.

1.2 GEOGRAPHICAL SETTING

Offa local government Area was creating in 1991both the head quarter of Offa.

The local government has the 10 (ten) wards district Offa, Road distance from the state capital to Offa local government area is 56km.

Population 74, 924 (Male 36, 727 and Female 38, 197) 2006 census

ii. Major towns; Idi Ogun, Igbo Oran, Owode Oja Market

iii. Natural resources: Maize, Sweet potatoes

iv. Major Language: Yoruba

vi. Gronite

vii. Major festival: Egungun, Agere, Yan festival

viii. Tourist attraction: Onimokasshrine of Olofa Palace.

1.7 HISTORICAL BACKGROUND

Offa is a major town in South West of the Niger in Nigeria. It is location in the South Easter part of the Kwara State.

The town was founded by hunter Obalomi Olofagangun, sometimes in the 14th century the people of Offa are descendants of Oduduwa and speak Yoruba, one of the three major languages in Nigeria history has it that Olofagangun left Oyo and settle in several palace until be finally arrived at the present of Offa.

Olofagangun was hunter and has first settlement was near a river called “Maika” as a hunter town in the old Oyo empire, Offa features in an intra and wider tribal wars and defended itself against the Nupe and Fulani, Olofagangun died a Offa Esun in the recurs course of his migration. Offa as a town as eventually named, was hunting activities. The weapon is a bow and arrow called Olofa in Yoruba Language. Ibolo dialet speak comprises of people of the surrounding town and village within the state of Kwara State the neighboring Osun state.

The people of Offa celebrate a host of arrived festival including Orumoka, the most famous of these festival is celebrated by Offa gathered at the town square, to witness a blind folded man slices a yam tuber into two equal part, with miraculous provisions, in high point during festival is ceremonial wresting when the Offa and Essa-one of he chiefs another important aspect of the Onimoka a festival is the celebration of “Moremi” deity legend has it that Moremi was married to the dove of life from peace and prosperity. Perform rituals ad make offering to the spirit of Moremi Egungun (masquerades) festival is celebrated with youth in colorful mask and robes entertaining the people by making round at various locations in the town they are rewarded with cash gift, for the performance, the Egungun also offer prayer and blessing to their benefactors and the town in general.  

.


TYPE IN YOUR TOPIC AND CLICK SEARCH.






RESEARCHWAP.COM

Researchwap.com is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. Researchwap.com guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.

TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • "Researchwap.com is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.com" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.