Financing and Delivery of High-Quality Student Housing in Nigeria’s Federal Universities: Evidence from Southwestern Nigeria
Keywords:
Housing, Student housing, Student housing deficit, Student housing maintenance, Student housing finance, Federal universitiesAbstract
This study focused on students’ housing financing in Nigeria. Historically,
student housing in Nigerian tertiary institutions has been supported mainly by
government funding. However, increasing student enrolment has placed
significant pressure on this system as enrolment rate now exceeds the existing
student housing capacity. This study aims to examine the available student
housing stock, its deficit and the existing financial plan. Information was
obtained through secondary sources and literature review, with narrative
review used to interpret the collected information. Three universities:
University of Ibadan (UI), Obafemi Awolowo University (OAU) and
University of Lagos (UNILAG) – were selected for the review. Findings show
that only 30.5% of undergraduates were accommodated at the sampled
universities, while 69.5% were not accommodated in the universities’ on
campus hostels. In addition, the universities lacked a detailed and structured
financial plan to increase student housing capacity. Factors contributing to
these results include limited funding, overcrowding, managerial bureaucracy
and students’ actions. The paper concluded that the government and university
management should create an enable environment for private investors to
construct more on-campus accommodations to end students’ housing deficit.