Globalization and Housing Development in Nigeria: The Impacts, Gains and Challenges

Abstract

This paper is an investigation into the impacts, gains and challenges of globalization on the processes of housing development in Nigeria. It provides an insight into the nature of globalization as an ideological revolution of the new millennium.

It then proceeds to a definition of terms, specifically, the definition of globalization as a trend towards the dissolution of boundaries affecting many of the relationships in our everyday lives. People of various nations are directly experiencing how boundaries are losing their significance as physical, legal and cultural barriers – but also as frameworks – for the exchange of goods, people, knowledge and ideas. This could result in a gain in terms of prosperity, freedom, plurality and life chances.

The paper then provides an elucidation of the economic and cultural dimensions of globalization and their impacts and gains on the socio-economic and the socio-cultural environment of housing development in Nigeria.

It then outlines the specific areas of challenges posed by the phenomenon of globalization in housing delivery, namely, housing need and housing demand and policy frameworks for housing delivery. The impacts and gains of globalization on holistic approaches, teamwork and logistic arrangements for housing development are also highlighted.

This paper then reaches the conclusion of the positive impacts, gains and the benefits of the multi-sectoral challenges of globalization in the context of modalities for housing development in Nigeria.