Challenges Associated with the Use of ICT in the Collection of Tenement and Property Rating in Lafia, Nasarawa State (Published)
The aimed of this paper is to explore the challenges associated with the use of ICT in the collection of tenement and property rating. The study adopt survey design using quantitative approach and data were collected through questionnaires survey from professionals and also the study adopted purposive sample random sampling technique and SPSS tool version 22 was used for data analysis and the results were presented in table. The study indicates that poor infrastructure, high cost of ICT system, slow decision making and poor management Planning ranked 1st to 4th respectively. The study revealed that social and administrative challenges are limited digital litracy, corruption; potential for manipulation and fraud in electronic systems if proper safeguards are not in place, transparency and trust, resistance to change and unequal access to technology and digital literacy, hindering online participation ranked 1st to 5th respectively. Then the results also shown that the economic challenges are sustainability to technological advancements and changing regulations, potential job displacement, Cyber security and data privacy concerns, cost of implementation, maintenance and affordability for users ranked 1st to 5th respectively.The study concluded that the challenges associated with the use of ICT in the collection of tenement and property rating in the study area were poor infrastructure, High cost of ICT system, slow decision making and poor management Planning were found to be moderate technical challenge. The study recommended that the government should invest in improving internet connectivity throughout Lafia to ensure reliable access for data collection and management. This could involve expanding fiber optic networks, increasing the availability of Wi-Fi hotspots, and subsidizing internet costs for relevant authorities.
Keywords: Challenges, Collection., ICT, Property, Rating, tenement
Trend of Macroeconomic Factors Influencing Commercial Property in Abuja, Nigeria (Published)
In recent time changes in rent invariably affect every type of real estate although in varying degrees. The aimed of this paper is to investigate the trend of macroeconomic factors influencing commercial property in Abuja. The study adopted quantitative design and questionnaire survey was used for data collection. The study adopted simple random sampling technique and SPSS software version 22 was used for data analysis and the results were presented in tables. Commercial properties under the management of Estate Surveyors and Valuation in Abuja metropolis was served as target population. The study indicates that the macroeconomic indicators considered in the study, namely gross domestic product (GDP), inflation rate, interest rate and exchange rate are all increasing, but at different rates. This suggests that the economy is growing, but that there are also some inflationary pressures and that the central bank is tightening monetary policy in an attempt to bring inflation under control. The rising exchange rate suggests that the domestic currency is becoming more valuable relative to other currencies, which can make exports more expensive and imports cheaper. However, the fact that the indicators are rising at different rates suggests that the growth is not uniform and that there are some challenges that need to be addressed. For example, the rising inflation rate suggests that there is some pressure on prices. This could be due to a number of factors, such as increased demand for goods and services, supply chain disruptions, or rising energy costs. The central bank may need to take steps to address inflation, such as raising interest rates. Macroeconomic indicators significantly influence rental value of commercial properties causing about 73.7% change in rental value of commercial properties. Central banks should monitor inflation closely and take steps to bring it under control if necessary. This could involve raising interest rates or other monetary policy tools. Policymakers should work to address the underlying causes of inflation and unemployment. This could involve measures such as increasing competition in the economy, improving education and training programs, or investing in research and development.
Keywords: Commercial, Factors, Inflation, Macroeconomic, Property, influencing