An Evaluation of the Impact of Physical Infrastructure on Residential Property Development in Nigeria (a Study of 500 Housing Unit, Otokiti, Lokoja, Kogi State)

This study focused on an Evaluation of the impact of Physical Infrastructure on Residential Property Development in Nigeria (A study of 500 housing unit, Otokiti, Lokoja, Kogi State). The study was a descriptive survey design. The study used both primary and secondary data. Questionnaire was used to assess the primary data, while the secondary data was extracted from Internet, past research work relevant to this study, amongst others. The population and sample size of the study were 315 and 176 respectively. The methods of data analysis adopted were frequency distributions and percentages. Five research hypotheses were formulated and tested using Chi-square test statistic. The results of the analysis revealed that physical infrastructure has significant impact on residential property development in Kogi State. The nature of physical infrastructure on residential property development in 500 Housing Unit, Otokiti, Lokoja is significantly poor and un-admirable. There are some significant efforts of State Government in monitoring the proper maintenance of provided facilities and investment in physical infrastructure in Kogi State. There are significant challenges facing physical infrastructure on residential property development in Nigeria. Also, there are some significant challenges facing physical infrastructure on residential property development in Nigeria. The study recommended that good quality infrastructure is a key ingredient for sustainable development. Government should invest in infrastructure for physical and economic development of a city. If this is implemented, more areas will be urbanised and as earlier discussed, a researcher discussed that urban expansion could be hinged to factors like increasing opportunity for people, industrialisation, concentration of people, etc. When infrastructure works, productivity and labour increases which will also improve property development but when it does not work, economic renewal can be postponed or even halted.