eprintid: 16298
rev_number: 7
eprint_status: archive
userid: 564
dir: disk0/00/01/62/98
datestamp: 2022-10-10 16:14:27
lastmod: 2022-10-10 16:14:27
status_changed: 2022-10-10 16:14:27
type: article
metadata_visibility: show
creators_name: Oloke, C. Olayinka
creators_name: Jesusegun, D.
creators_name: Alagbe, O. A.
creators_name: Akindele, N. A.
creators_id: oluwole.alagbe@covenantuniversity.edu.ng
title: Comparing Residential Property
Values in Border Towns of
Lagos Megacity, Nigeria
ispublished: pub
subjects: NA
subjects: TH
divisions: sch_civ
divisions: sch_art
full_text_status: public
keywords: Adjacent, Megacity, Residential, Value
abstract: In this study, the rental values of residential properties in two adjacent communities within
the emerging Lagos megacity were examined to find out if certain correlational attributes
exist. The communities selected are located in different geopolitical zones (i.e. Lagos and
Ogun States), although the Lagos megacity influence has crawled and absorbed parts of
Ogun state, such that the physical boundary has virtually vanished. Residents in the two
communities as well as estate surveyors and valuers were the respondent groups involved
in the study. A total of 236 questionnaires were administered. Descriptive and inferential
tools of percentage means and independent sample T-test statistics were employed for the
analysis, while the Pearson coefficient of correlation was used to establish the relationship
between rental values in the two communities. It was found, among others, that the level of
infrastructure development, enforcement of physical planning regulations, administrative
jurisdiction, population density and distance to the central business district are the factors
responsible for the significant differences in the magnitude of rental values between the
communities. The study, therefore, suggested the investment in the physical and socioeconomic
infrastructure in Ado-Odo/Ota local government area of the megacity as well as
the creation of a joint development policy and programme by governments of Lagos and
Ogun states so as to overcome the administrative jurisdiction barrier militating against the
actualization of the megacity project.
date_type: published
publication: Journal of South African Business Research
id_number: DOI: 10.5171/2021.146557
refereed: TRUE
issn: 2169-0367
official_url: http://ibimapublishing.com/articles/ JSABR/2021/146557/
citation:   Oloke, C. Olayinka and Jesusegun, D. and Alagbe, O. A. and Akindele, N. A.   Comparing Residential Property Values in Border Towns of Lagos Megacity, Nigeria.  Journal of South African Business Research.   ISSN 2169-0367     
document_url: http://eprints.covenantuniversity.edu.ng/16298/1/4%20Oloke%20IBIMA.pdf