Data Research, Vol. 2, Issue 3, Jun  2018, Pages 97-110; DOI: 10.31058/j.data.2018.23005 10.31058/j.data.2018.23005

Analysis of Road and Electricity Maintenance on Rental Payments and Economic Growth in Nigeria

Data Research, Vol. 2, Issue 3, Jun  2018, Pages 97-110.

DOI: 10.31058/j.data.2018.23005

Casmir Chidiebere Onyeneke 1*

1 Department of Mathematics, Statistics and Computer Science, Hezekiah University, Umudi, Nigeria

Received: 22 August 2018; Accepted: 30 September 2018; Published: 6 November 2018

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Abstract

The state of infrastructure is an important parameter for modeling, assessment and simulation of developmental status of any urban system. It has been a quest to know if infrastructure makes any contribution to rental values. This is one of the purposes of carrying out this research to identify and analyze what happens to rental value if some aspects of the infrastructural facilities are ill maintained or poorly managed society. This work evaluates the effects of infrastructural decay on rental values based on the assessment of the availability of basic amenities and the level of depreciations caused in the economic and standard of living of the society. This research work identified the different commercial and residential properties in a given residential area together with the amount of decayed infrastructure. In pursue of these objectives, the simulation and relationship between the decayed infrastructure and rental value was ascertained and used to compare the conditions of the existing infrastructure. It was obvious that good road, electricity and water supply are the major infrastructural facilities required for a housing estate to function efficiently. There is significance relationship between the rental values, economic values of societal housing estates and infrastructural availability. The research offered solutions to questions of infrastructural decay and vivid insight into overall effect to rental value. It was discovered that infrastructure is an indicator in accessing the living standards and economic growth of a country. Extensive view of the effects of infrastructural decay on rental values was assessed proffering solutions to deficiencies in the quality of life expected in a residential society.

Keywords

Infrastructure, Rent, Properties, Estates, Residential Areas, Maintenance, Property, Utilities, Accommodation

Copyright

© 2017 by the authors. Licensee International Technology and Science Press Limited. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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