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INVESTMENT IN AGRICULTURAL PROPERTY AS A CATALYST

INVESTMENT IN AGRICULTURAL PROPERTY AS A CATALYST IN ORUMBA NORTH L.G.A OR ANAMBRA STATE

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ABSTRACT

Investment in agriculture was purely on subsistence basis in the past until recent when it has been operated on large scale. It is a booming venture in developed countries of world. In Nigeria, it is mainly focused on cash crops. Live stocks, fishery. Wood lands pasture lane etc. Most of them are owned by government and their agents. The emphasis and campaign placed on agricultural property investment has made individuals to embark on such venture. Due to the fact that the benefit derived from agriculture and numerous, the government has started giving proper attention to investing in agricultural properties rather than hoping on oil for the economy. In this project research work, the main objectives are to discuss, on the investment in agricultural properties as a catalyst in Orumba North local Government Area, the types and their importance the impacts, problems affecting it etc. Going by the widely prevalent thirst are urge for investing in agricultural property however, my recommendations are conclusion are very lively to favour the positive effects.

TABLE OF CONTENTS

CHAPER ONE

  • Introduction

1.1     Background of study

1.2     Statement of problem

1.3     Research questions

1.4     Purpose of the study

1.5     Significant of the study

1.6     Limitation of the study

1.7     Definition of terms

CHAPTER TWO

2.0     Literature Review

2.1     History / overview

2.2     Source of investment (investment options)

2.3     Property as an investment

2.4     Investment in Agricultural property in Nigeria

CHAPTER THREE

3.0     Research methodology

3.1     Background and location of the study

3.2     Types of Agricultural property investment in Orumba North L.G.A

3.3     The benefits of Agricultural property investment

3.4     Research Methodology and data collection

3.5     Sources of data collection

3.6     Types of technique used

CHAPTER FOUR

4.0     Problems affecting agricultural property investment.

4.1     The impact of agricultural investment property

4.2     Problems affecting agricultural property

4.3     Possible solution to the problems

CHAPTER FIVE

5.0     Summary, Conclusion and Recommendations

5.1     Summary

5.2     Conclusion

5.3     Recommendation

References

CHAPTER ONE

  • INTRODUCTION:

1.1   BACKGROUND OF THE STUDY

Investment in agricultural property is not advanced as that of developed countries of the world. Agricultural property investment amounts to all investment operation in such property as cash crops, livestock, pasture land, cottage etc.

Nigeria generally is blessed with fertile and large area of land with abundant human and natural resources, which if harnessed effectively under the guide and supervisor of the experienced property manager  (Estate surveyors) will help a lot in solving the battered economy of Nigeria.

Inspite of the numerous benefit derived from agricultural properties, Nigeria still give it little attention they keep on hoping on crude oil for the economy instead of diversifying her investment in other resource like Agricultural property.

With the benefit ard returns realizable form the investment in agricultural properties, it will serve as an alternative. Sources of life and a catalyst for speeding development of rural areas.

1.2   STATEMENT OF PROBLEM

Investment in Agricultural properties in rural areas amounts to under utilization of both natural and human resources to boost the increase in production of food and cash crops etc in large quantity.

This work is made to know how agricultural investors would achieve their objectives. It will be shown that agricultural property investment is a worthwhile and beneficial venture forming the catalyst to rural development and economic revetry of Nigeria’s battered economy.

1.3   RESEARCH QUESTION

Due to some hindrance encountered in agricultural investment in some area: the following questions were emanated on its effect to the area of study.

  1. Will agricultural investment reduce the increase of unemployment in the country?
  2. Is there any formal training for investors?
  3. can the investors in agricultural properties receive any grant, from he government?
  4. What are the major problem facing the investment in agricultural properties?

1.4   PURPOSE OF THE STUDY

The main purpose of this research work of agricultural investment as a catalyst to Orumba North Local Government area centers of the following:

i       To assess agricultural property investment as a catalyst to rural, development.

ii      To assess different investment as an agricultural property.

iii     To examine investment in agricultural properties in order to assessing the benefits.

iv     To examine the problems facing the investors in Agricultural property.

v      The make recommendations on how the agricultural properties can be handled in order to make the best use of it.

1.5   SIGNIFICANCE OF THE STUDY

This project work is basically concerned on the returns from investment in agricultural property, therefore, every effort is eared to explore and expose some.

To that effect, the study limit itself within the bounds of investment operations in agricultural properties in Orumba North local government area. it does organized in such a way that the study is made on specific benesity from the government and individual or private investors point of view.

  • LIMITATIONS OF THE STUDY

Some unavoidable limitation encountered by the researcher when conducting the project have hindered a comprehensive research work. These includes:

  • Time Dimension: The time factor has a serious input in conducting this research work. Time lay between the short academic calendar makes the researcher to rush the work thereby boycotting some necessary findings.
  • Lack of finance: Since the research work being done within limited income while there is a drastic increase in the cost of terms like transportation fare, typing and binding. These are the major expenses involved in it which has to be limited to the available income.

1.7               DEFINITION OF TERMS

INVESTMENT: This is the giving up of a capital sum in return for an income or benefit to be derived periodically. At times, the return is a lump sun or in a non-monetary form (benefit).

AGRICULTURE: This means as the cultivation of the land for the purpose of producing food for man, feed for animals and raw materials for industries.

PROPERTY: This is the right an individual or group of individual exercise over a thing. It includes the exclusive right to use, possess and exclude others.

AGRICULTURAL PROPERTY INVESTMENT: This is he operation on such properties as cash crops. Livestock, pasture lane, cottages and farm, houses, dairy and arable faming and fishing.

RURAL AREA: It refers to that portion of area which are situated outside urban and cities location. Rural areas are predominantly undeveloped lands occupied of green or natural environment viably grass, forestry etc.

DEVELOPMNET: This is a systematic enrolment of potentialities of a thing. For example land.

RURAL DEVELOPMENT: This term is used to improve the economic and social life or the people the rural area such as housing, electricity, water,

THE PROBLEM AND PROSPECTS OF HOUSING IN THE NEW STATE CAPITAL, ASABA DELTA STATE

THE PROBLEM AND PROSPECTS OF HOUSING IN THE NEW STATE CAPITAL, ASABA DELTA STATE

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ABSTRACT

Housing has become one of the major problems in which individuals, private / public establishment are facing in the new state capital in Nigeria today.

Housing do not offer shelter only but also they are considered as a status social and a successful life. The research work will enable us to identity the problems, the impacts, the importance and the general effect of housing problem in the new state capital.

TABLE OF CONTENTS

CHAPTER ONE

1.0     Introduction

1.1     Housing problem in Asaba

1.2     Historical background of Asaba

1.3     Problem of land acquisition for housing

CHAPTER TWO

2.0     Situations of existing houses in Asaba

2.1     Lack of maintenance

2.2     Town planning regulations

CHAPTER THREE

3.0     Rehabilitation and conservation

3.1     Solution to the Housing problem

3.2     Effectiveness of property maintenance

CHAPTER FOUR

4.0     Population density

4.1     Use of local building materials

4.2     Solution ot land acquisition problem

CHAPTER FIVE

5.0     Summary, Recommendation and conclusion

5.1     Summary / Conclusion

5.2     Recommendation

5.3     References

CHAPTER ONE

1.0     INTRODUCTION

Housing is one of the three basic necessities of life. He dignity of man is usually enhanced by his ownership of house. The greater population of the world population is housed, the population that is well housed is in the minority while dilapidated houses are accommodating the greater population of the world.

The concentration and rapid increase of population in the new state capitals is based on the few and inadequate social services in the town. The main pointer in the new state capital is the problem of a housing, houses to match the over-growing demand so as to produce rent which are reasonable to meet the community and which are equitable in terms of returns to investors in housing in the urban area and developing areas like Asaba-statistics have it that in Asaba, some areas, the home is too small to allow for decent family life and offers no more than a tiny abode to its members. Statistics also have it that urban dwelling are in general over-crowded and surrounded by a deplorable urban landscape situation. This most unsatisfactory situation is still setting hard due to the impact of population growth and urbanization, there has been a remarkable increase in recent years.

In the recent rate of growth of population together with a steady force of population from the rural area to the urban centres. Theres has been a rapid increase in the number of experts, administrative and technical personels as a result of improvement, changes and growth in development standard improvement in the general level of prosperity; income, living condition of people has led to people demanding more and better houses.

On the other hand, supply for number of reasons has not kept pace with this demand in the urban areas because of industries situated there, it has made it possible for people to migrate to these areas despite the quality of a problem in finding a means to have accommodation which is relatively cheap with the means of the rural folk and yet of sufficient high quality ot satisfy certain basic requirements.

Though these days, expert now live in the rural areas because of developments, it still takes time to construct dwelling house, while the buildings are under construction, they will have to accept the available ones. The housing problem out of necessity to be considered against the background of the social philosophy of the community. there are certain peculiarities associated with the economic of housings, particularly the fact that there is considerable inconsistency on both the demand and supply side of housing.

There is the unadulterated ‘MARXIST’ view that government should be totally committed and has a responsibility ot provide accommodation at reasonable rents must be provided for every person and so on should be allowed, for instance to take advantage of his ownership of land or wealth to exploit the tenant group in society, having said all these, it will be proper to state the problem of housing in Asaba. It is very common to see that the acquisition of and is tough in the sense that land is expensive and counted in supply and in addition, it takes a rather long time to negotiate and come by good title to land even after land must have been acquired and building erected. It is not enough because it cannot accommodate the teeming population and this ten leads to over crowding which is not good for healthy living. Buildings are over crowded and human being also are too much due to large household size and shortage of housing.

One point should be understood and that is of good planning, if Asaba is well planned, then the problem of housing may not be much. But because of inadequate facility utilities and amenities not been provided for. It will then be worsen when the population is much or over crowded. Come to think of it rents are very high for the good enough buildings and this does not go down well for the low income earners and this makes for an unhealthy way of living but if the government could come and build low cost houses, then it will save these dwellers from their suffering.

Although dwellers who can afford decent houses ot live in, it makes for the high growth of tenement, because they now resort to live in place where there is not good ventilation and the house cluster. These houses are not permanent in the sense that if there is heavy wind or rain, the building collapses and life is lost, tough because they will have to provide another accommodation or they will have to rebuild.

Lack of planning is another problem because since these houses are built carelessly, it does make for good planning. They do not get the go ahead from the authorities concerned, these buildings have been developed and demolished when the planning authorities find out, so it is safer to get the go ahead from the authorities concerned even though it will take so much time ot acquire but it should be worthwhile in the long run.

Decent housing is one of the basic need of every individual, the family and community. in general a pre-requisite to the survival of man. The housing as a unit of the environment has profound influence on the health, efficiency, social behaviour satisfaction and general welfare of the community it reflects the cultural, social and economic value of a society as it is the best physical and historical evidence of civilization in a town and country. The importance of providing adequate housing in any town cannot be over stated. It is a stimulant of the national economy.

Decent housing on the other had can be regarded as a right of every individuals, a great population of the population in Asaba live in sub-standard and poor housing and a deplorable, unsanitary rapid urbanisation and economic growth have compounded the problem of acute population in Asaba.

1.1     HOUSING PROBLEM IN ASABA

There is therefore great shortage of housing especially for the low-income earners in Asaba. A household sample survey conducted one selected part of the town in October 1995 by the participants of this workshop revealed that about 84.46% of the housing units are flats while only 28.4% are tenement units. This has resulted in high room occupancy ration of more than five (5) persons per habitable room as recorded in parts of Umuaji, Umuezei, Egengbome in Asaba.

flat sharing or multiple occupation of apartment flats are measures used by those of low-income earner to redress. This often leads to the deterioration of the residential buildings and the environment. The causes of shortage of tenement house can be attributed to such factors as high cost of land by acquisition, lack of finance, high cost of building materials, and population trends, unwillingness of private developer to invest in tenement houses due largely to know returns from such development and the fact that planning schemes for some of the layout deliberately excluded tenement building eg Ezena Avenue.

Sitting of certain housing project (i.e portion of low cost housing) are some of the factors responsible for flooding in the city. Some draws in the Ezenei Avenue, low cost housing for example were constructed with utter disregard to the topography of the area so that water is expected to flow against the radiant. In general, the problem of housing in Asaba is more of shortage of appropriate  housing units in form of tenement or rooming houses whose rents are affordable by people in the low income level than shortage of flat apartment many of which vacant due to high rentage.

Also flood wreaks in Asaba, make people lose property and also the lost of five’s are encountered. These problems bring about rebuilding and displacement of occupants of the affected buildings.

  • HISTORICLA BACKGROUND OF ASABA

Asaba is located in the eastern part of delta state with sixteen (16) local government area. A rapid developing urban centre and the administrative headquarter of Delta state in Nigeria. Its historical roots is from both Kogi and Anambra state.

A woman named Diaba from Agbakuba village in Nteje, Anambra state, was said to have been impregnated by Onojobo, a prince and trader from Igala land, while she was residing in Eze Anyanwu’s court as one of the court girls. She was said to have hailed from the royal line of Ezechima, the legendary ancestor of numerous settlements east of the Niger, including Onitsha. This explains why Benin, Asaba and Onitsha seem to share a common culture and tradition as in the area of festival regalia like traditional coral beads and hand-woven big flowing white gowns and traditional titles scuh as the Onowu Iyasele of Onitsha and the Iyase Onowu of Asaba. Asaba is one of the emerging urban centres of present date Nigeria. Before the creation of Delta and Ado state, Asaba was the headquarter of Oshimili south local government which has a limited political significance. After the creation of Delta state and Asaba as the headquarter continue to attract many governmental functionaries such as ministries and all types of government parastatals thereby swelling up in population increase, in working class people.

Today, Asaba is experiencing greater housing problems than ever before and it is feared that impact may take some time to subside.

1.3     PROBLEMS OF LAND ACQUSITION FOR HOUSING

Before the land use Act of 1978, ownership of land was rested on individuals and community which result to cumbersome and obstacles to individuals willing to acquire an interest in land. The alnd use Act stopped private owners and individuals form owning land rather having possession on it in perpetuity. It rested all land in the power of the governor of each state. Before a private individual acquires and interest in land from the state governor, he has to undergo series of protocol before he can be issued with a right of title or certificate of occupancy to use and enjoy the relevant piece of land usually evidence in certificate of occupancy (C OF O).

The system and process of securing title to land is unsatisfactory and cumbersome. As a first step towards this, the private individual has to buy a form which contains some questions to be completed and submitted before specified time. The authority concerned with the processing and insurance of this certificate of occupancy often make situations difficult for the developer who would otherwise which to make immediate development. this is because the certificate of occupancy consume a lot of time before it can be issued to a developer. The next stage after the processing of the form is that, those that have been approved are rent to the governor for endorsement and whereby governor is busy, he can then assign this duty of endorsement to the commissioner of lands, works and transport, who endorses his signature with a red wax to show its validity.

The successful applicant is then given a certificate of occupancy to use and enjoy the land subject to the conditions and covenants contained in the said certificate.

The logic being the issue of condition and covenants is that only authorized occupier can develop, enjoy or lease the land but subject of course to the zoning and planning laws and other regulations affecting land use, in relevant urban area. it is now clear from the foregoing that housing is militated against by the problem of land acquisition in Asaba.

THE PROBLEM OF SOLID WASTE MANAGEMENT

THE PROBLEM OF SOLID WASTE MANAGEMENT IN ENUGU METROPOLIS

A CASE STUDY IN INSTITUTE OF MANAGEMENT AND TECHNOLOGY (I.M.T) CAMPUS III ENUGU

Abstract

This research work is aim at examining the practices and problems solid waste management with particular reference to IMT Campus III.

The research choose the random sampling Technique based on the population concentration from three (3) location within  the study area.

The data obtained were analysed using percentage statistics method. From the analysis of data and discussion the practices in the use include open dumps and open burning which indicate poor management.

To ensure proper management the researcher recommended that government should device new and appropriate strategies in solid waste management that involves on the spot separation for possible recycling, through supervision of authorities involved in the waste management and grass roof campaign to ensure strict adherence to the rules guiding waste management. With the above recommendation waste and the health implication of improper management becomes a thing of the past.

Table of contents

CHAPTER ONE

1.1            Introduction

1.2            Statement of the Problem

1.3            Purpose of the Study

1.4            Research Question I

1.5            Hypothesis

1.6            Significance of the Study

1.7            Scope of the Study

1.8            Limitation of the Study

CHAPTER TWO

2.1            Literature Review

2.1.1     Concept of Solid Waste

2.1.2     Source and Types of Solid Waste

2.1.3     Waste Minimization and Treatment

2.4            Solid Waste Management Practices

2.5            Resources Recovery

2.6            Disposal Techniques

CHAPTER THREE:    RESEARCH METHODOLOGY

3.1            Introduction

3.2            Research Design

3.3            Population Sample

3.4            Refused Site Selection

3.5            Sources of Data

3.6            Instrument for Data Collection

3.7            Validity and Reliability of Instrument

3.8            Method of Data Analysis

CHAPTER FOUR

4.1            Analysis of Management and Fiscal Problems of Waste Management

4.2            Solutions to Above Problems

CHAPTER FIVE

5.1            Discussion and Findings

5.2            Implications for Environmental Management

5.3            Recommendation

5.4            Conclusions

Bibliography

Chapter one

 

Introduction

Background of the study

Refuse generation started with the history of man and gained more attention when man began to live in communities. During the 1st century with industrial revolution rapid population growth in the develop world and the volume of waste produce was relatively small. Today in developing nations, like, Nigeria, solid waste accumulate in every city causing serious health and environmental hazard.

The practice of dumping waste on streets, roads, streets and unapproved sites lead to breeding to rats, flies and out break of plagues as well as ecological impacts, such as water and air pollution. This is because the capacity of nature to dilute, disperse or absorb or dispose of its unwanted residues in the atmosphere, water way and land is limited. It is against this background that the Federal Environmental Protection Agency (FEPA) was established in 1988 manage and protect the environment. The decree establishing the agency also provided for the establishment of State Environment Protection Agencies (SEPA) in all the States of Federation.

However, the prevailing economic condition in the country coupled with negative attitude of the citizens made it difficult for proper solid waste management and environmental protection solid waste consists of biodegradable (that is substance that can be broken down by bacteria) and non biodegradable (that is substance that cannot be broken by bacteria) materials and these are usually deposited at refuse dumps and other unapproved sites. They pile up in heaps blocking road and drainage, road, network thereby consisting environmental hazards. The inhabitants of the neighborhood sometimes set the heaps of refuse ablaze in an attempt to reduce the size. This practice further deteriorate the environment since people are exposed to danger of air pollution.

1.2            STATEMENT OF THE PROBLEM 

Changes in Technology brings about changes in the consumption habit of the citizenry and therefore the composition of waste materials.

Thus a lot of non-biodegradable waste (that is substance that cannot be broken by bacteria) are generated and since non-biodegradable are not easily absorbed or diluted naturally such waste accumulate in heaps along major streets. The stinking odour and blackish liquid effluence emanating from such heaps especially during the rainy season constitute environmental hazards and degrade the aesthetic values of our environment.

They as well encourage breeding of mosquitoes and communicable diseases. Therefore the rate of generation of solid waste is not matched with the rate of evacuation as a result of problems ranging from lack of funds and professional experience staffs of bureaucracy and redtapism.

1.3            PURPOSE OF THE STUDY

The purpose of this study is to

(i)                To determine the composition of solid waste in campus III

(ii)             To examine the different management strategies being adopted in solid waste management by the institution as well as ENSEPA. Enugu State environmental Protection Agencies.

(iii)           To identify problem militating against solid waste management in campus III IMT Enugu Institute of Management and Technology.

(iv)           To suggest appropriate and effective measures that will ensure efficient solid waste management in campus III IMT Institute of Management and Technology Enugu.

1.4            RESEARCH QUESTIONS

In an attempt to identify the approaches and problems of solid waste management in campus III IMT with a view of finding appropriate management strategies, the following research questions were formulated:

(i)                What are the major components of solid waste generated in campus III IMT.

(ii)             To what extent does the composition of waste influence  the management practices?

(iii)           What are the reasons for the inadequate as well as inefficient collection and disposal of solid waste by (ENSEPA).

(iv)           What measure are likely to improve the existing situation constraints or management techniques.

(v)             What is the level of public awareness of poor solid waste management.

1.5            HYPOTHESIS

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