Browsing by Author "Samuel, Olugbemisola W."

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Effects of climate change on residential properties in Wemabod Estate, Ikeja, Lagos State, Nigeria
(Frontiers in Sustainable Cities, 2024-10) Peter, N. J.; Okagbue, Hilary I.; Adelowo, Mofetoluwa G.; Samuel, Olugbemisola W.; Iroham. Chukwuemeka O.; Nto, Sunday E.
The real estate sector is significantly impacted by climate change, with effects ranging from increasing risks of flooding and wildfires to shifting demand for certain types of property. These impacts influence insurance prices, property maintenance procedures, and the overall desirability of specific homes. While climate risk is acknowledged in the financial industry, its implications for the commercial and residential real estate sector are mostly studied in developed countries, with limited research in developing countries like Nigeria. This study attempts to fill this gap by exploring the potential impacts of climate change on residential properties in Lagos State, Nigeria, using Wemabod properties as a case study. The methodology involved analyzing primary data collected from residents of Wemabod Estate, Ikeja, Lagos, Nigeria, with purposive sampling used to recruit 100 participants due to absence of reliable census data. Data analysis was conducted using mean rank, t-test, and analysis of variance (ANOVA). Findings showed that most respondents demonstrated a good level of awareness about climate change. Analysis revealed that residential characteristics such as age, gender, level of education, and knowledge level of climate risk significantly influenced residents’ climate change coping and adaptation strategies, with notable mean differences in knowledge and perception based on these factors. The major perceived effects of climate change included extreme heat and flooding, followed by strong winds and irregular rainfall, leading to property impacts such as peeling paint, wall cracks, roof leakage, foundation shake, and burst pipes. These findings indicate that extreme heat and flooding are the primary climate change manifestations affecting residential properties in Lagos State. Property owners should implement measures to protect against these effects, regularly inspect and maintain their properties, consider climate risk in their insurance and maintenance plans, and stay informed about climate change impacts. This study underscores the need for further research on climate change’s impact on real estate in developing countries to better understand and mitigate these risks.
Interaction of drivers and barriers of sustainable property management practice in shopping malls in Lagos, Nigeria
(Frontiers in Built Environment, 2025-01) Nyirenda, Lumbani B.; Ayedun, C. A.; Musonda, Innocent; Iroham, Chukwuemeka O.; Olukanni, David O.; Okagbue, Hilary I.; Samuel, Olugbemisola W.; Nto, Sunday E.
Extant studies on sustainable property management (SPM) are yet to be reported for shopping malls in developing countries. Shopping malls play a vital role in commercial activities in developing countries. This study investigates the strategies and the interaction of the drivers and barriers to SPM practice being adopted in the management of three randomly selected shopping malls in Lagos, Nigeria. The primary data utilized were elicited with the aid of a questionnaire served on 130 tenants of the three shopping malls. The obtained data were analyzed using statistical tools such as mean ranking, frequency distribution, exploratory factor analysis (EFA), confirmatory factor analysis (CFA) and mediation analysis. LED energy saving bulbs (90%) and green leasing (6.9%) are the most and least adopted features while using environmental cleaning procedures (83%) and adopting green leasing (36.4%) are the top and least SPM adopted strategy. Health and wellbeing of occupants (88.4%), cost savings (87%) and regulatory requirements (85%) were ranked the top three drivers while EFA grouped the factors into 2: direct and indirect. Financial and economic barrier (4.2/5) were top while cultural factors (3.97/5) were the least. The interactions of the latent barrier factors were exposed by the CFA and mediated regression models. In conclusion, this article explored SPM within shopping mall operations, presenting evidences that, while beneficial in reinforcing the relevance of sustainability in the real estate sector, ultimately contributes modestly to the broader academic discourse on the subject.
Three attributes determining land values in three selected housing estates in Uyo, Nigeria
(Frontiers in Sustainable Cities, 2024) Iroham, Chukwuemeka O.; Okagbue, Hilary I.; Ekanem, Inimfon F.; Peter, N. J.; Samuel, Olugbemisola W.; Nto, Sunday E.; Isiaka, Saheed; Adedotun, Adedayo F.
There is a knowledge gap regarding the specific attributes (location-specific, environmental, and neighborhood) that impact land value, the relationship among these attributes, and the degree of impact on the land values in residential estates in Uyo, Nigeria. The three factors all combine to create a unique picture of a place, impacting its desirability and ultimately, its land value. This study explores the relationship between various land value attributes within specific residential estates (Ewet Housing Estate, Shelter Afrique Estate, and Akwa-Ima Estate) in Uyo. A questionnaire was designed and used to solicit data from the respondents living in the three estates with the aid of the purposive sampling technique. The findings revealed the following: Closeness to school is the location-specific attribute that contributes the most to land value, and closeness to recreational centers contributes the least. The presence of security and police stations had the most significant contribution to land value, and the presence of noise in the neighborhood had the least significant contribution. Peace, quiet, and beauty had the most significant contribution to land value, and the presence of lakes and water bodies in the environment contributed the least to land value. The factor analysis yielded two major factors for location-specific attributes: ‘transport’ and ‘place’. The factor analysis grouped the neighborhood attributes into two factors: ‘easily controlled’ and ‘not easily controlled’. All three attributes of land values are positively correlated with one another. Implications for research and recommendations were made.