CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY Professionalizing is derived from the term Profession/Professional. A professional connotes a person with a distinct competence for a specified function or discipline (Ojewunmi, 2005). Such a person would have been trained or has acquired the necessary training in that discipline to become a professional in that field….

CHAPTER ONE 1.0     INTRODUCTION Proper financing is all-important to successful property investment and development. Various forms of finance on varying terms from diverse investing agencies are available to the property market. The principal field where various forms of investment finance are employed is that of development where every loan has to be specially tailored…

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND OF THE STUDY Recovery rent arrears and treatment of difficult tenants has been identified as a major set-back in property management. These aspects of management functions are being confronted with many problems because rent payment depends mostly on income earn from business carried out in the property. These earning and…

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND TO THE STUDY Land use regulations and controls are used to restrict the rights of private land holders in the use of land. The regulations are used to protect public interest in the use of private land. The regulations stem from the need to provide public amenities, to increase the…

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY Commercial banks are important financial intermediaries serving the general public in any society. In most cases, commercial banks hold more assets than any other financial institution. In some case seven more than central bank. Apart from their many functions, commercial banks facilitate growth and development. Banks lends…

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY Solid wastes comprise all the wastes arising from human and animal activities that are normally solid, discarded as useless or unwanted. Also included are by- products of process lines or materials that may be required by law to be disposed of (Okecha 2000). Solid waste can be…

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY Abandoned projects and construction failure including building and other civil engineering infrastructure development project like houses, churches, schools, roads, bridges, dams, tunnels, air port, sea port etc. litter the whole Nigeria. Osemenan (1987) reported that Nigeria has become the “world’s junk-yard of abandoned and failed projects worth…

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY Commercial real estate investment, like life itself, comes with its own associated risks and these risks are events that could bring harm or loss to an investment. A risk is that probable event that could lead to depreciation of the value of property or outright loss of…

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY Researchers in building sector have indicated that between 50 to 60 per cent of the total construction input goes into building materials. As a result, there is an urgent need to address the high cost of these products which is said to have slowed down the growth…

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY Housing has been universally recognized as one of the most essential necessities of human life and is a major economic asset in every nation. Adequate housing provides the foundation for stable communities and social inclusion (Oladapo, 2006). Gilbertson et al. (2008) have observed that there is a…