7/27/2019 Real Estate, And Provision of Infrastructure by the State - How Equitable

1/2

8/7/13 Real Estate, And Provision Of Infrastructure By The State - How Equitable?

propertygateplc.com/index.php/knowledge-centre/editorial/item/224-real-estate-and-provision-of-infrastructure-by-the-state-how-equitable 1/2

Written by Propertygate Published in Editorial Thursday, 08 December 2011 16:38

Be the first to comment! PrintEmailfont size

Read 157 times

TweetTweet 0

Tagged under Real estate infrastructure environment housing Lekki Ikoyi Opebi Ikeja Vict oria Island Lagos rental neighborhoods public road transportation

development State

Rate this item (0 votes)

Related items

Propertygate jerks housing stock w ith N700m A lexandria Quarters

When Landlord Wants More Money and Tenant Attitude Changes

Social Housing: Hope For Low-Income Earners As FCTA Allocates Land

Ano the r Look at LCCS Second Round of To lling on Lekki-Epe Expressway

FG Dares Bi-Courtney To Go To Court

Real Estate, And Provision Of Infrastructure By The State -How Equitable?

The quality of living is strongly influenced by the environment a person resides in. In assessing quality

living, standard of housing and supporting infrastructure are major issues for consideration. For this

reason, real estate located in areas with functional and reasonably adequate infrastructure that support

stress-free everyday living not onl attract high demand, but in addition, commands good value. This

explains the attraction for places like Ikoyi, Victoria Island, Ikeja G.R.A, Opebi, Ilupeju and part of Lekki

Peninsula among other sought-after locations in Lagos. Similar benefit accrues to comparable places in

other parts of the country. These areas continue to enjoy significantly impressive capital and rental

value, as pressure on them continues to mount due to increased demand.

It is public knowledge that our successive government at various levels continue to fail in meeting

peoples expectations in the provision of basic infrastructure across the country. It is therefore not a

surprise that living quality is generally poor. The inequitable trend that has been observed however over

the years till date is that whenever government endeavor to provide / improve public infrastructure,

their bias is overwhelmingly in favor ofhigh brow neighborhoods. These neighborhoods are far well off

in terms of road transportation, power, water, access to commercial centres among others. This

discriminatory treatment heightens demand for these areas, making them very valuable, while the rest

of the society (substantial majority) are left to deal with non-existent or badly declining infrastructure.

This approach, in our view, is very unfair. Public fund belonging to all citizens are deployed t o bene fit few areas at t he expense of t he majority. Furthermore, t here is no

evidence to show t hat t hose living in these prime havens are more forthright in t heir tax obligation than t he rest of the society. In fact, employees in government sect ors

and few organizations that t reasure compliance (most living outside these havens) generally pay their taxes, as their employers deducted from source. Most of t he rich

who live in these havens make informal income and generally do not pay correct taxes, if they pay at all. In addition, by this discriminatory development approach, the real

estate valuein the se havens enjoys handsome growth, while the value o f majority o f real estate in areas characterized by difficult access, po rous security and other ills

continue t o be eroded.

There are quite a number of adverse implications for this inequitable approach. Undue pressure on few areas with good infrastructure leads to high real estate pricing in

those locations, thus creating distorted land value. Ext reme variation in overall built environment emerges, as sharp distinctions are seen among neighborhoods. Social

inefficiencies further emerge, leading to poor health, loss of value, depopulation of quality residents in failing areas, and social vices. Corruption is encouraged, as people

become de sperate to live in these quality havens at all cost, t o escape t he hardship of most areas.

We hope those in authorities will see the above interrelationships, and the social injustice in t he cu rrent approach. Provision o f infrastructure to support standard living is a

basic duty ow ed every citizen and not just a few by the state.

Last modified on Sunday, 17 March 2013 22:18

Home About Us Products & Serv ices Knowledge Centre News Center Login Contact Us

Professional Courses Data & Statistics Building Materials info Did You Know? Editorial Glossary

Like 0

http://propertygateplc.com/index.php/knowledge-centre/editorialhttp://propertygateplc.com/index.php/knowledge-centre/professional-courseshttp://propertygateplc.com/index.php/knowledge-centre/data-statisticshttp://propertygateplc.com/index.php/knowledge-centre/building-materials-infohttp://propertygateplc.com/index.php/knowledge-centre/did-you-knowhttp://propertygateplc.com/index.php/knowledge-centre/editorialhttp://propertygateplc.com/index.php/knowledge-centre/glossaryhttp://propertygateplc.com/http://propertygateplc.com/index.php/about-ushttp://propertygateplc.com/index.php/products-serviceshttp://propertygateplc.com/index.php/knowledge-centrehttp://propertygateplc.com/index.php/news-centerhttp://propertygateplc.com/index.php/loginhttp://propertygateplc.com/index.php/contact-ushttp://propertygateplc.com/http://propertygateplc.com/index.php/knowledge-centre/editorial/item/224-real-estate-and-provision-of-infrastructure-by-the-state-how-equitable#http://propertygateplc.com/index.php/knowledge-centre/editorial/item/224-real-estate-and-provision-of-infrastructure-by-the-state-how-equitable#http://propertygateplc.com/index.php/knowledge-centre/editorial/item/224-real-estate-and-provision-of-infrastructure-by-the-state-how-equitable#http://propertygateplc.com/index.php/knowledge-centre/editorial/item/224-real-estate-and-provision-of-infrastructure-by-the-state-how-equitable#http://propertygateplc.com/index.php/knowledge-centre/editorial/item/224-real-estate-and-provision-of-infrastructure-by-the-state-how-equitable#http://propertygateplc.com/index.php/knowledge-centre/glossaryhttp://propertygateplc.com/index.php/knowledge-centre/editorialhttp://propertygateplc.com/index.php/knowledge-centre/did-you-knowhttp://propertygateplc.com/index.php/knowledge-centre/building-materials-infohttp://propertygateplc.com/index.php/knowledge-centre/data-statisticshttp://propertygateplc.com/index.php/knowledge-centre/professional-courseshttp://propertygateplc.com/index.php/contact-ushttp://propertygateplc.com/index.php/loginhttp://propertygateplc.com/index.php/news-centerhttp://propertygateplc.com/index.php/knowledge-centrehttp://propertygateplc.com/index.php/products-serviceshttp://propertygateplc.com/index.php/about-ushttp://propertygateplc.com/http://www.youtube.com/propertygateplchttp://www.twitter.com//propertygatehttp://www.facebook.com//pages/Propertygate/105021910925http://propertygateplc.com/index.php/news-center/news?format=feed&type=rsshttp://propertygateplc.com/http://propertygateplc.com/index.php/news-center/news/item/361-fg-dares-bi-courtney-to-go-to-courthttp://propertygateplc.com/index.php/news-center/news/item/358-another-look-at-lcc%E2%80%99s-second-round-of-tolling-on-lekki-epe-expresswayhttp://propertygateplc.com/index.php/news-center/news/item/357-social-housing-hope-for-low-income-earners-as-fcta-allocates-landhttp://propertygateplc.com/index.php/news-center/news/item/356-when-landlord-wants-more-money-and-tenant-attitude-changeshttp://propertygateplc.com/index.php/news-center/news/item/353-propertygate-jerks-housing-stock-with-n700m-alexandria-quartershttp://propertygateplc.com/index.php/knowledge-centre/editorial/itemlist/tag/Statehttp://propertygateplc.com/index.php/knowledge-centre/editorial/itemlist/tag/developmenthttp://propertygateplc.com/index.php/knowledge-centre/editorial/itemlist/tag/transportationhttp://propertygateplc.com/index.php/knowledge-centre/editorial/itemlist/tag/roadhttp://propertygateplc.com/index.php/knowledge-centre/editorial/itemlist/tag/publichttp://propertygateplc.com/index.php/knowledge-centre/editorial/itemlist/tag/neighborhoodshttp://propertygateplc.com/index.php/knowledge-centre/editorial/itemlist/tag/rentalhttp://propertygateplc.com/index.php/knowledge-centre/editorial/itemlist/tag/Lagoshttp://propertygateplc.com/index.php/knowledge-centre/editorial/itemlist/tag/Victoria%20Islandhttp://propertygateplc.com/index.php/knowledge-centre/editorial/itemlist/tag/Ikejahttp://propertygateplc.com/index.php/knowledge-centre/editorial/itemlist/tag/Opebihttp://propertygateplc.com/index.php/knowledge-centre/editorial/itemlist/tag/Ikoyihttp://propertygateplc.com/index.php/knowledge-centre/editorial/itemlist/tag/Lekkihttp://propertygateplc.com/index.php/knowledge-centre/editorial/itemlist/tag/housinghttp://propertygateplc.com/index.php/knowledge-centre/editorial/itemlist/tag/environmenthttp://propertygateplc.com/index.php/knowledge-centre/editorial/itemlist/tag/infrastructurehttp://propertygateplc.com/index.php/knowledge-centre/editorial/itemlist/tag/Real%20estatehttp://twitter.com/search?q=http%3A%2F%2Fpropertygateplc.com%2Findex.php%2Fknowledge-centre%2Feditorial%2Fitem%2F224-real-estate-and-provision-of-infrastructure-by-the-state-how-equitablehttps://twitter.com/intent/tweet?original_referer=http%3A%2F%2Fpropertygateplc.com%2Findex.php%2Fknowledge-centre%2Feditorial%2Fitem%2F224-real-estate-and-provision-of-infrastructure-by-the-state-how-equitable&text=Real%20Estate%2C%20And%20Provision%20Of%20Infrastructure%20By%20The%20State%20-%20How%20Equitable%3F&tw_p=tweetbutton&url=http%3A%2F%2Fpropertygateplc.com%2Findex.php%2Fknowledge-centre%2Feditorial%2Fitem%2F224-real-estate-and-provision-of-infrastructure-by-the-state-how-equitable&via=propertygatehttp://propertygateplc.com/index.php/knowledge-centre/editorial/item/224-real-estate-and-provision-of-infrastructure-by-the-state-how-equitable#http://propertygateplc.com/index.php/knowledge-centre/editorial/item/224-real-estate-and-provision-of-infrastructure-by-the-state-how-equitable#http://propertygateplc.com/index.php/component/mailto/?tmpl=component&template=shaper_financial_news&link=4c5922d1015e5e9acba503a47337459d0e67469fhttp://propertygateplc.com/index.php/knowledge-centre/editorial/item/224-real-estate-and-provision-of-infrastructure-by-the-state-how-equitable?tmpl=component&print=1http://propertygateplc.com/index.php/knowledge-centre/editorial/item/224-real-estate-and-provision-of-infrastructure-by-the-state-how-equitable#itemCommentsAnchorhttp://propertygateplc.com/index.php/knowledge-centre/editorial

7/27/2019 Real Estate, And Provision of Infrastructure by the State - How Equitable

2/2

8/7/13 Real Estate, And Provision Of Infrastructure By The State - How Equitable?

propertygateplc.com/index.php/knowledge-centre/editorial/item/224-real-estate-and-provision-of-infrastructure-by-the-state-how-equitable 2/2

Privacy & Terms

Name *

enter your name...

Email *

enter your e-mail address...

Website URL

enter your site URL...

More in this category: New Falomo-Ozumba Link Bridge: A Solution or An Addition Lagos States One Year Rent Rule - Making A Positive Impact?

Leave a comment

Message *

enter your message here...

Enter the two words you see below

Submit comment

Copyright 2013 Propertygate. All Rights Reserved.Designed by Cache-IT Scroll to TopHome Contact Us (2 )

Type the text

http://propertygateplc.com/index.php/contact-us-2http://propertygateplc.com/http://propertygateplc.com/index.php/knowledge-centre/editorial/item/224-real-estate-and-provision-of-infrastructure-by-the-state-how-equitable#http://www.design.odediran.com/http://propertygateplc.com/index.php/knowledge-centre/editorial/item/223-lagos-state-s-one-year-rent-rule-making-a-positive-impacthttp://propertygateplc.com/index.php/knowledge-centre/editorial/item/225-new-falomo-ozumba-link-bridge-a-solution-or-an-additionhttp://www.google.com/intl/en/policies/