EXAMINATION OF LAND MARKET DYNAMICS IN UYO, AKWA IBOM STATE, NIGERIA
Abstract
This project studied and examined the land market dynamics in
Uyo. The study adopted the survey research design. 72 respondents were
drawn from firms of Estate Management and Valuation, Real Estate firms
and the ministry of land civil servants. Descriptive and inferential
statistics were used to analyze data. Quantitative data was tabulated and
analyzed using frequencies, percentages and the chi-square test of
independence. The study revealed the aspects of land market susceptible
to changes and closely examined the factors responsible for changes, it
also observed for known processes that curb the changes in land market.
The research determined the hypothesis to be validated by using Chisquare
test of independence in which the level of significance was 0.05
and the degree of freedom at 3, after computation the null hypothesis
which states “land market systems do not provide easy access to land in
uyo” was rejected and the alternate hypothesis which states “land market
systems do provide easy access to land in uyo” was validated and
accepted with 95% confidence. The research further guided by
professional opinions concluded that land is accessible and recommended
a shift in the prevailing land market systems to a more formal market in
order to promote more fact guided land transactions and transparency.
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