Fidelis I Emoh | Nnamdi Azikiwe University (original) (raw)

Papers by Fidelis I Emoh

Advance Journal of Science, Engineering and Technology, Feb 28, 2019

Advances in Business Strategy and Competitive Advantage, 2022

Provision of housing is vital to all the members of any country, and even a fundamental right of ... more Provision of housing is vital to all the members of any country, and even a fundamental right of every person in a society to be housed properly. While the state has a primary role to play in reallocation of resources to meet the needs of the majority and ensure ‘public good', the economic status of developing nations has made this a complex issue. The developing world has increasingly come to rely on voluntary action, especially the social enterprise movements. There are marked differences in the approaches to tackling the social housing issue in the developed and developing world, from the point of view of the role played by social enterprises in this area. This chapter takes a comparative look at the role played by social entrepreneurs and social enterprises in the area of social housing in the developing and developed world by looking at some specific examples and case studies and concludes that in the developing world the social enterprise movement has a stronger role to play.

Mortgage valuation reports have long been one of the lines of defence in helping commercial banks... more Mortgage valuation reports have long been one of the lines of defence in helping commercial banks protect their assets, minimize losses, and make well-informed lending decisions. The study was kick-started because of the increase in non-uniformity of valuation reports in form of common standard of reporting, terminology and presentation with the fact that clients to valuation profession around the world have been getting much more sophisticated and analytical in their approach to investment. The aim of the study is to evaluate the quality of Nigerian mortgage valuation reports standard with a view to providing information that will enhance valuation practice. The study examined the major components of Mortgage Valuation Reports produced by Valuers in the study area, among others. Questionnaire and interview instruments were administered on five hundred and thirty eight (538) registered firms in Awka, Lagos, Abuja and Port-Harcourt. Data obtained were analysed with the use of the fol...

Tenancy disruption begets significant costs for landlords/investors, as each additional property ... more Tenancy disruption begets significant costs for landlords/investors, as each additional property falling vacant incurs costs with respect to the repairs, cleaning and re-servicing of the property, the costs in lost rent while it remains empty and the costs of re-letting the property to another tenant. To this effect, this paper examines the causes of tenancy disruption and its effects on property investment in Anambra State with a view to providing information to enhance decision making in property investment. The study adopted a survey method. The sample size was determined using simple random sampling technique. 396 questionnaires were administered by simple random sampling technique to respondents in three major cities in Anambra State namely: Awka, Nnewi and Onitsha. Results obtained revealed that non-payment of rent, habitual late payment of rent and breach of contract are the most important circumstances that results in tenancy disruption in Anambra State while loss of income ...

Environmental Reviews, 2020

The study examined client influence on valuation of residential and commercial properties in Onit... more The study examined client influence on valuation of residential and commercial properties in Onitsha metropolis, Anambra State, Nigeria. In carrying out the study questionnaires were administered to professional Estate Surveyors and Valuers practicing within the study area in order to obtain relevant data. Ninety-six (96) completed questionnaires were retrieved, and the data collected presented in frequency and percent tables, while validation of hypotheses were analyzed using the Chi-square test method. The study resolved that there are significant levels of influence by clients on valuers during valuation of their residential and commercial properties in Onitsha which has resulted in some effects such as not being able realize such values during actual property transactions, variations in valuation opinions by different valuers on same property, etc. These however, can be curbed through strict enforcement and monitoring of adherence to the uniform valuation standard of the Estate ...

Research Journal of Finance and Accounting, 2015

The cost of capital in the country has displayed steep increase in recent times as interest rates... more The cost of capital in the country has displayed steep increase in recent times as interest rates have continued torise. This in turn has affected the profitability of real estate development. The huge capital commitment in realestate development often times drive developers to exploiting other sources of capital, apart from equity, whichwill incur a cost that has to be financed by part of the profit from such investment, thereby affecting theprofitability of the development to the developer. This research examined the effect of increasing cost of capitalon the profitability of real estate developments in Benin City, Nigeria. In carrying out investigation,questionnaires were administered to selected real estate developers who developed for income generatingpurposes, as well as structured interview with the officials of Central Bank of Nigeria. Data collected wereanalyzed using the simple percentage analysis to determine the relative strength of responses drawn and theannual repaymen...

IOSR Journal of Business and Management

This study examined the causes and effects of cost overruns in public building construction proje... more This study examined the causes and effects of cost overruns in public building construction project delivery in Imo State, Nigeria. Specifically, the study examined the profile characteristics of the building construction project workers, examined also the nature of cost overruns in building projects execution in Nigeria, identified the main causes of cost overruns on building construction projects in Nigeria, ascertained the effects of cost overruns on building construction industry and on the economy of Nigeria, in general and determined the factors that can prevent cost overruns in public building construction projects in Nigeria. Multistage sampling technique was used to select a sample of 100 building construction project workers. Data were collected using structured questionnaire and were analysed using mean, frequency counts and percentages. Results showed that 80% of the workers were males, 54% were between the ages of 26-35, and 80% were married, 85% had secondary and tertiary education. The result also showed that cost overruns occur when there is an underestimation of actual cost during the budgeting of the building construction project (X = 2.19), when cost escalation occurs due to factors such as inflation (X = 2.28), when construction projects are not completed on time, within budget and with the appropriate technical or quality performance (X = 2.46), and when there is an extra cost incurred beyond the contractual cost agreed during the tender stage of the project (X = 2.23). Further, the results showed that the main causes of cost overruns in building construction projects in Nigeria include difficulty in obtaining construction materials (X = 2.19), deficiencies in prepared cost estimates (X = 2.11), unexpected subsoil conditions (X = 2.08), problems in finance and payment arrangements (X = 2.09), design changes (X = 2.72) and availability of skilled labour (X = 2.24). The results also showed that the effects of cost overruns on the building construction and on the Nigerian economy in general include added cost over and above those initialy agreed upon by the client (X = 2.40), less returns on investment on the part of the contractor (X = 2.39), higher prices to the end user (X = 2.38), tarnishing of the reputations of the professionals (X = 2.15),and loss of profits for the contractor (X = 2.40). The effects on the construction industry is project abandonment and drop in building activities (X = 2.48), and also decrease in property and service production for the nation (X = 2.45); also decrease in the rate of national growth (X = 2.10).The results also showed that the factors that can help reduced or prevent cost overruns in public building construction projects in Nigeria include the application of project management scheduling tools (X = 2.68),working strictly within the scope originally planned for a project (X = 2.60), planning projects properly before the commencement of project execution (X = 2.58), selection of contractors with adequate experience/ the financial ability to handle building construction projects contract (X = 2.33) and ensuring that communication gaps do not exist between the stakeholders of the building construction projects (X = 2.35). The study therefore, recommends that building construction projects delivery decision makers should endeavour to implement the findings of research in order to encourage project execution success.

Money supply in an economy is significantly affected by the money market indicators and, by impli... more Money supply in an economy is significantly affected by the money market indicators and, by implication, the funds available to the real estate sector. This study examines the relationship between money supply in the economy and some money market indicators with respect to their impacts on finance for real estate development in Nigeria. Secondary data were obtained from the Central Bank of Nigeria covering five-year study period (2006 to 2010). The Pearson product moment correlation and multivariate regression models were adopted for data analysis. The study found that there is statistically significant relationship between broad money supply (M2) and explanatory variables with P-values < 0.05 except inter-bank call rate (0.7085), and prime lending rate (0.7554). Furthermore, the principal component analysis revealed that interbank call rate, inflation, and monetary policy rates are three components with eigenvalues >1.0; they account for 77.01% of variability in M2. Also, stepwise regression of the variables showed that inflation, monetary policy rate, saving deposit rate, and Treasury bill rate have statistically significant impact on broad money supply in Nigeria. The implication is that money supply in the economy from where funds are made available for real estate development is significantly affected by the indicators and consequently the real estate sector by dwindling financial allocation to the real estate sector. It was recommended that real estate investment trust may possibly be the best option to financing the real estate sector of the Nigerian economy, while the Nigerian Institution of Estate Surveyors and Valuers has great role in birthing the investment vehicle.

The success of any private real estate projects to a large depends on the commitment and/or deter... more The success of any private real estate projects to a large depends on the commitment and/or determination of the professionals involved as well as all the stakeholders to ensure that such real estate project is successful regarding implementation. The variable that makes up project management actions and project-related factors to a large extent affects its implementation success; this work identified those variables, through Mean Item Score (MIS), the study ranked the impact of these variables and the extent they affect private real estate projects success. From the findings of the research, it could be observed based on analysis done using Chi-square, there was a significant relationship between project management actions, project-related factors and private real estate project implementation success using SPSS. On the ranking, result of the findings indicated that ineffective/wrong coordination process, project financing, overall managerial actions and variation of the project pl...

To ensure that the market is properly positioned, an assessment of the forces that drives the val... more To ensure that the market is properly positioned, an assessment of the forces that drives the value chain is paramount. The study is geared towards examining the effects of macroeconomic variables on residential property investment performance in Abuja metropolis, Nigeria by assessing the riskreturn performance of the investment; examining the trend in macroeconomic variables; establishing linkages between macroeconomic factors; and examining the effect of macroeconomic factors on residential investment performance. Both primary and secondary sources of data were utilized. The study analysed 722 rent and sale transactions sourced primarily from Registered Estate Firms to determine the sales and rents returns, and data on macroeconomic factors were collected secondarily from Central Bank of Nigeria (CBN) and National Bureau of Statistics (NBS) for the study period (2001-2015). Results showed that base on risk-return performance analysis of Gwarimpa market; is considered the most perf...

Civil and environmental research, 2015

There is a high rate of project failure in Anambra State, Nigeria. This manifests not only as aba... more There is a high rate of project failure in Anambra State, Nigeria. This manifests not only as abandonment of projects, but also as cases of structural collapse, inability to deliver projects on time, cost overshoots and poor client satisfaction. Because every microenvironment is unique in some way, factors dictating project success could differ markedly from environment to environment. The aim of this research therefore was to appraise the factors critical for project success in Anambra State, Nigeria, with a view to helping stem the high incidence of project failure. Primary information used in the research were sourced from a survey of one hundred (100) project professionals, each possessing a minimum of 5 years of experience. Structured questionnaires based on the Likert-5-Point Scale of Responses were used to capture their opinions on the reasons for project success, while Secondary information were sourced from a review of literature. Results were analyzed using appropriate st...

Current Urban Studies

There has been a serious threat to rental accommodation in the urban areas especially to certain ... more There has been a serious threat to rental accommodation in the urban areas especially to certain grade of workers in the tertiary institutions, whose income in most cases are based on their salaries. The ever increasing cost of rental accommodation has nevertheless forced this group of workers to spend greater part of their income in search of adequate accommodation. The paper is an evaluation of adequate rental housing affordability by workers in relation to their income levels and other household needs, using the staff of tertiary institutions in Owerri, Imo State of Nigeria. The research also tried to find out the variables that affect the choice of rents and thus rate them according to their level of significance. Data were drawn from 01-09 salary grade levels comprising of both academic and non-academic staff of the five tertiary institutions in Owerri. 250 samples were selected using stratified random sampling techniques, same number of questionnaires was distributed, and 210 of the questionnaires were returned. Out of that, 191 questionnaires were considered valid, while the remaining was invalid. Tables and Percentages were used to analyze most of the data, while Statistical Program for Social Sciences (SPSS) software package was used to run a multiple regression. In the analysis, actual rent was the dependent variable while income, family size and other household expenditure were the independent variables. As a result the following estimated equation was developed Y (Affordable rent) = 75.527 + (0.05037 income) + (8.578 family size) + (0.01254 other household expenditure). The study revealed that three variables constitute 41% of the total variables that influence adequate rental affordability. The result of combined variables shows that f cal = 43.377 as against f tab of 1.20 which explains that the three variable are important as determinants. The result of t cal (testing the significance of the individual variables) reveals that income How to cite this paper: Nnametu, J.N., & Emoh, F.I. (2020).

The study examined client influence on residential property valuation in Benin metropolis, Edo St... more The study examined client influence on residential property valuation in Benin metropolis, Edo State, Nigeria. The study adopted the use of self-administered questionnaires to obtain relevant data. Fifty-nine (59) successfully completed questionnaires were retrieved from practitioners under Estate Surveying and Valuation firms in Benin metropolis. The data collected were duly presented in frequency and percent tables and analyzed using the Chi-square test method to validate the hypotheses. The study revealed that although there are instances of clients' attempt to influence valuation opinions in Benin, they are insignificant as valuers do not allow such clients' influence impose effect on their value opinions. However, valuers are enjoined to continue to resist clients' influence to avoid effects such as; over valuation, short or under valuation, professional malpractice as well as legal/litigation cases on valuation opinions, thereby creating value opinions that stand as good market evidence for further reference.

Real estate investment has been observed to require huge initial capital outlay which can be obta... more Real estate investment has been observed to require huge initial capital outlay which can be obtained from various sources. It is often difficult to finance large scale investment in real estate solely from personal savings. Hence, the need for other sources of finance such as equity or self-financing, commercial banks, merchant banks, insurance companies, mortgage institutions among others. However, in the light of this study, particular attention was given to the analysis of the performance and contributions of Mortgage Institutions in Lagos Metropolis in the provision of housing for all in Nigeria. The development, prospects, challenges, successes and failures of these institutions form the background of the study. 50 mortgage institutions in Lagos metropolis (50) were also examined to determine their performance and impact in terms of property development.

This study examined the causes and effects of cost overruns in public building construction proje... more This study examined the causes and effects of cost overruns in public building construction project delivery in Imo State, Nigeria. Specifically, the study examined the profile characteristics of the building construction project workers, examined also the nature of cost overruns in building projects execution in Nigeria, identified the main causes of cost overruns on building construction projects in Nigeria, ascertained the effects of cost overruns on building construction industry and on the economy of Nigeria, in general and determined the factors that can prevent cost overruns in public building construction projects in Nigeria. Multistage sampling technique was used to select a sample of 100 building construction project workers. Data were collected using structured questionnaire and were analysed using mean, frequency counts and percentages. Results showed that 80% of the workers were males, 54% were between the ages of 26 – 35, and 80% were married, 85% had secondary and tertiary education. The result also showed that cost overruns occur when there is an underestimation of actual cost during the budgeting of the building construction project (X = 2.19), when cost escalation occurs due to factors such as inflation (X = 2.28), when construction projects are not completed on time, within budget and with the appropriate technical or quality performance (X = 2.46), and when there is an extra cost incurred beyond the contractual cost agreed during the tender stage of the project (X = 2.23). Further, the results showed that the main causes of cost overruns in building construction projects in Nigeria include difficulty in obtaining construction materials (X = 2.19), deficiencies in prepared cost estimates (X = 2.11), unexpected subsoil conditions (X = 2.08), problems in finance and payment arrangements (X = 2.09), design changes (X = 2.72) and availability of skilled labour (X = 2.24). The results also showed that the effects of cost overruns on the building construction and on the Nigerian economy in general include added cost over and above those initialy agreed upon by the client (X = 2.40), less returns on investment on the part of the contractor (X = 2.39), higher prices to the end user (X = 2.38), tarnishing of the reputations of the professionals (X = 2.15),and loss of profits for the contractor (X = 2.40). The effects on the construction industry is project abandonment and drop in building activities (X = 2.48), and also decrease in property and service production for the nation (X = 2.45); also decrease in the rate of national growth (X = 2.10).The results also showed that the factors that can help reduced or prevent cost overruns in public building construction projects in Nigeria include the application of project management scheduling tools (X = 2.68),working strictly within the scope originally planned for a project (X = 2.60), planning projects properly before the commencement of project execution (X = 2.58), selection of contractors with adequate experience/ the financial ability to handle building construction projects contract (X = 2.33) and ensuring that communication gaps do not exist between the stakeholders of the building construction projects (X = 2.35). The study therefore, recommends that building construction projects delivery decision makers should endeavour to implement the findings of research in order to encourage project execution success.

, 2011

The bane of real estate development and investment is finance. There is no iota of doubt that fun... more The bane of real estate development and investment is finance. There is no iota of doubt that funding is the important factor in real estate development and investment. The complexity and to a large extent its capital intensive nature demands proper and adequate funding to make it realizable. The terms and availability of the needed funds determine the trend of estate operation. Availability of estate finance in sufficient quantity will definitely accelerate all forms of property development.

Advance Journal of Science, Engineering and Technology, Feb 28, 2019

Advances in Business Strategy and Competitive Advantage, 2022

Environmental Reviews, 2020

Research Journal of Finance and Accounting, 2015

IOSR Journal of Business and Management

Civil and environmental research, 2015

Current Urban Studies

This study examined the causes and effects of cost overruns in public building construction proje... more This study examined the causes and effects of cost overruns in public building construction project delivery in Imo State, Nigeria. Specifically, the study examined the profile characteristics of the building construction project workers, examined also the nature of cost overruns in building projects execution in Nigeria, identified the main causes of cost overruns on building construction projects in Nigeria, ascertained the effects of cost overruns on building construction industry and on the economy of Nigeria, in general and determined the factors that can prevent cost overruns in public building construction projects in Nigeria. Multistage sampling technique was used to select a sample of 100 building construction project workers. Data were collected using structured questionnaire and were analysed using mean, frequency counts and percentages. Results showed that 80% of the workers were males, 54% were between the ages of 26 – 35, and 80% were married, 85% had secondary and tertiary education. The result also showed that cost overruns occur when there is an underestimation of actual cost during the budgeting of the building construction project (X = 2.19), when cost escalation occurs due to factors such as inflation (X = 2.28), when construction projects are not completed on time, within budget and with the appropriate technical or quality performance (X = 2.46), and when there is an extra cost incurred beyond the contractual cost agreed during the tender stage of the project (X = 2.23). Further, the results showed that the main causes of cost overruns in building construction projects in Nigeria include difficulty in obtaining construction materials (X = 2.19), deficiencies in prepared cost estimates (X = 2.11), unexpected subsoil conditions (X = 2.08), problems in finance and payment arrangements (X = 2.09), design changes (X = 2.72) and availability of skilled labour (X = 2.24). The results also showed that the effects of cost overruns on the building construction and on the Nigerian economy in general include added cost over and above those initialy agreed upon by the client (X = 2.40), less returns on investment on the part of the contractor (X = 2.39), higher prices to the end user (X = 2.38), tarnishing of the reputations of the professionals (X = 2.15),and loss of profits for the contractor (X = 2.40). The effects on the construction industry is project abandonment and drop in building activities (X = 2.48), and also decrease in property and service production for the nation (X = 2.45); also decrease in the rate of national growth (X = 2.10).The results also showed that the factors that can help reduced or prevent cost overruns in public building construction projects in Nigeria include the application of project management scheduling tools (X = 2.68),working strictly within the scope originally planned for a project (X = 2.60), planning projects properly before the commencement of project execution (X = 2.58), selection of contractors with adequate experience/ the financial ability to handle building construction projects contract (X = 2.33) and ensuring that communication gaps do not exist between the stakeholders of the building construction projects (X = 2.35). The study therefore, recommends that building construction projects delivery decision makers should endeavour to implement the findings of research in order to encourage project execution success.

, 2011