Assessing the Impacts of Public Private Partnership on Real Estate Investment Return in North Central Zone of the Nigerian Postal Service Real Estate


Authors : Bassey, N. A.; Udoudoh F. P.; Dr. Otali, M.

Volume/Issue : Volume 10 - 2025, Issue 9 - September


Google Scholar : https://tinyurl.com/yszzw4yz

Scribd : https://tinyurl.com/4detdkca

DOI : https://doi.org/10.38124/ijisrt/25sep1361

Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.

Note : Google Scholar may take 30 to 40 days to display the article.


Abstract : The import of Public Private Partnership in real estate investment is gaining space in the real estate sector and the Nigerian Postal Service real estate has key into partnership. The study therefore is aimed at evaluating the impact of Public Private Partnership in Nigeria postal service real estate investment returns in the North Central Zone by determining NIPOST Real Estate Investment return trend pre-PPP (2013-2012), determining the zone real estate investment return trend post-PPP (2014-2023) and comparing both periods to assess the impacts of PPP model on the returns. A total of eight (8) completed and operational PPP real estate in the North Central were assessed using purposive sampling. In doing this time series analysis (exponential function) was used in analyzing the Pre and Post real estate investment return trend, while T- test statistical analysis technique was used to compare the trend. The result revealed significant positive impact of PPP (4.58175x108 ) on NIPOST North Central Real Estate Investment Returns. The study further provides irrefutable quantitative evidence that PPP adoption generated substantially better financial outcomes for NIPOST North Central Real Estate Investment Returns, validating the partnership effectiveness. The study therefore recommends PPP to Ministries, Departments and agencies for optimizing real estate investment returns.

Keywords : Impacts, Partnership, Investment, Returns and Real Estates.

References :

  1. Ahmed, T. and Sipan, I.A. (2019). Critical Success Factors of Public Private Partnership for Affordable Housing in Nigeria. International Journal of Recent Technology and Engineering (8) 289. Do1:10.35940/ijrte. B1014.0982591.
  2. Chandraskekar, J. (2011). Workplace Environment and its Impact Organizational Performacne in Public Sector Organizations. International Journal of Enterprise Computing and Business Systems:  1(1), 1-19.
  3. Emele, C.R. (2022) Real Estate Investment Performance Measurement in Nigeria: Problems and constraints facing Professionals in a highly active but Opaque Market. Sri Lankan Journal of Real Estate 19(2), 5-16.
  4. Enyia, C.D., and Emelah, G.E. (2023). Public Private Partnershp in Education and Sustainable Development in Nigerian. Nigerian Academy of Management Journal, 18(1), 116-122. Retrieved from http://nami.tamn-ng.org/index.php/hom/article/view/351.
  5. Federal Reserve of St. Louis. “Housing starts: Total: New Private owned housing Units Started, https://fed.stlouisfed.or/series/HO UST.
  6. Foasat, O.J., Atinuke, M.A., Adekule, A. and Abiola, O.M. (2020). Public-Private Partnership in Nigerian Teaching Hospital: Potential and Challenges. West African Journal of Radiology, 27(2) 143-149.
  7. Ibem, E.O. and Aduwo, B.E. (2012). Public Private Partnerships (PPP) in Housing in Ogun State, Nigeria: Opportunities and Challenges. Retrieved from http://eprints.covernantuniversity.edu.ng/3156/1/WABER2012.pdf.
  8. IEG (2009). World Bank Support to Public private Partnerships: Lessons from experience in Client Countries FY02-12. Independent Evaluation group.
  9. Infrastructure Concession Regulatory Commission (2013). National Policy on Public Private Partnership, Abuja.
  10. Izuwah, Chidi K.C. (2019). Unlocking the potentials in the housing market through public private partnership (PPP) Investment model. CBN Economic and Financial Review. 57(4), 141-152.
  11. Kadri, S. (2018). Nigeria and lack of affordable Housing. Steers Business Research Publication, Retrieved rom http://www.steering.com/article/nigeria-and-the-lack-of-affordable-housing.
  12. Lane, K. Esser, J. Holte, B. and Anne, M.M. (2010). A Study of Nurse Faculty satisfaction in Community Colleges in Florida. Teaching & Learning in Nursing 5(1), 16-26.
  13. Lorman N. (2018). A Brief History of Public Private Partnership. http://www.infrastructure reportcard.org/bridges.
  14. Madu ITU, C.A. and Kenigua (2021). The role of public private partnership (PPP) on Infrastructural Development in Nigeria. Journal of Global Social Science, 2(5), 23-43 DOI: 10.3109/JGSS.V 215-99.
  15. Mahahingam, A. (2011). Creating an enabling environment for PPPS Toolkits for policy makers engaged in Designing and Managing PPP Interventions in Infrastructure sector IFMR Research.
  16. Owotemu, A., Daniel, C.A, and Hadija, S. (2019). Effects of Public Private Partnership on Delivery of Affordable Housing in Nigeria. Turkish Online Journal of Qualitative Inquiry (TOJOI), 13(1), 1036-1051.
  17. Owotemu, A., Daniel, C.A, and Abubakar, H.S. (2022). Evaluating the Management of Public Private Partnership for the Provision of Affordable Housing in Nigeria. Journal of Servie Science and Management, 15 (4) 394-415.
  18. Rana, F., and Izuwah, C., (2018) Infrastructure and Africa’s Development. The PPP Imperative. World Bank’s Infrastructure and Public Private Partnership Publication.
  19. Steup, M. (2010). Epistemology from A-Z. A Companion to epistemology. Page 471. Blackwell Publishing. https://www.wiley.com/en.
  20. Steup, M. and Neta, R. (2020). Epistemology. In E.N. Zalta (Ed), The Standford encyclopedia of philosophy (Summer 2020 Ed). Stanford University. Retrieved from https://plato.stanford.edu/archieves/sum2020/entries/
  21. Spector, P. (1997). Job Satisfaction: Application Assessment causes consequence, Thousand Oaks, CA: Inc (vol. 3) Sage Publications.
  22. Thorncroft, M. (1978). Principles of Estate Management. Estate Gazette Ltd.
  23. Vorde, V.D. and Beijer, S. (2015). The role of employee HR attributions in the relationship between high-performance work systems and employee outcomes. Human Resource Management Journal, 25(3) 62-78.
  24. Udoudoh, F.P (2016). Real Estate and Infrastructure Economics in Urban Nigeria, MEF (Nigeria) Ltd, Uyo.
  25. Udoudoh, F.P. and Bassey, N.A. (2022). Assessment of Public Private Partnership in Real Estate Development in Akwa Ibom State. In the Proceedings of the 6th Research Conference of the Nigerian Institute of Quantity Surveyors. 26th – 27th October, Uyo.
  26. Ulayi, A.I. Arikpo, E.B., Anthony, G.B, and Tawo, C.N. (2022). Public Private Partnership (PPP) in Education: A Panacea for Sustainable Development of Tertiary Institutions in Nigeria. A Journal of Contemporary Research, 19(4), 86-92.

The import of Public Private Partnership in real estate investment is gaining space in the real estate sector and the Nigerian Postal Service real estate has key into partnership. The study therefore is aimed at evaluating the impact of Public Private Partnership in Nigeria postal service real estate investment returns in the North Central Zone by determining NIPOST Real Estate Investment return trend pre-PPP (2013-2012), determining the zone real estate investment return trend post-PPP (2014-2023) and comparing both periods to assess the impacts of PPP model on the returns. A total of eight (8) completed and operational PPP real estate in the North Central were assessed using purposive sampling. In doing this time series analysis (exponential function) was used in analyzing the Pre and Post real estate investment return trend, while T- test statistical analysis technique was used to compare the trend. The result revealed significant positive impact of PPP (4.58175x108 ) on NIPOST North Central Real Estate Investment Returns. The study further provides irrefutable quantitative evidence that PPP adoption generated substantially better financial outcomes for NIPOST North Central Real Estate Investment Returns, validating the partnership effectiveness. The study therefore recommends PPP to Ministries, Departments and agencies for optimizing real estate investment returns.

Keywords : Impacts, Partnership, Investment, Returns and Real Estates.

CALL FOR PAPERS


Paper Submission Last Date
31 - December - 2025

Video Explanation for Published paper

Never miss an update from Papermashup

Get notified about the latest tutorials and downloads.

Subscribe by Email

Get alerts directly into your inbox after each post and stay updated.
Subscribe
OR

Subscribe by RSS

Add our RSS to your feedreader to get regular updates from us.
Subscribe