Evaluation of Population Projection on Housing Demand in Edo State, Nigeria
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International Journal of Recent Engineering Science (IJRES) |  |
| © 2024 by IJRES Journal | ||
| Volume-11 Issue-1 |
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| Year of Publication : 2024 | ||
| Authors : Olotu. Y, Elamah. D, Dania. S.F, Momoh. S |
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| DOI : 10.14445/23497157/IJRES-V11I1P105 |
How to Cite?
Olotu. Y, Elamah. D, Dania. S.F, Momoh. S, "Evaluation of Population Projection on Housing Demand in Edo State, Nigeria," International Journal of Recent Engineering Science, vol. 11, no. 1, pp. 30-36, 2024. Crossref, https://doi.org/10.14445/23497157/IJRES-V11I1P105
Abstract
Nigeria's population is continuing to rise at an unprecedented rate, making the need for suitable housing a critical issue. The study aims to assess how the population forecast in Edo State, Nigeria, will affect the demand for housing. The study employs a quantitative methodology, examining past demographic data and housing statistics gathered from multiple sources. The results show that over the next ten years, Edo State's population is predicted to grow gradually. It is anticipated that Edo State's population will rise by 6.02 million by 2030, which will have an effect on housing demand because there is currently a 0.6 housing unit deficit (DHU). This projected population growth will inevitably result in a surge in housing demand. The study further examines the factors influencing housing demand, such as urbanisation, economic development, and social trends. Additionally, the research analyses the current housing supply in Edo State and identifies potential challenges in meeting future housing demand. The study concludes that adequate measures need to be taken to address the increasing housing demand in Edo State, including innovative housing policies and investment in housing infrastructure.
Keywords
Suitable housing, Housing demand, Population, Unprecedented rate, Housing unit deficit.
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