CHAPTER
ONE
1.0 BACKGROUND OF THE STUDY
AREA
Urban areas are
very much human invention which main has evolved as a means of organizing his
existence.
In course of
time, settlement grew in size and complexity thus, it was observed by “learn
and Goodall” (2002) that “the development or urban areas and the increasing
proportion of man’s ability to fashion the physical, economic and social world
in which he lives”.
However,
distinction must be making between factors bringing about a general growth in
urban population and urban areas throughout a nation and those which cause the growth
of a particular urban area. Thus, these are those by economic and non-economic
factors.
In essence the
nature of existing economic activities in Offa metropolis i.e. shops, offices,
filling station, small scale industries, poultry gardens, garages, shop
building converted to nursery and primary school, market, filling station
federal polytechnic, private college of education, school of navy etc have
brought a guide the size and character of their
respective income; and their population-number brings a guide to their
consumption and land use pattern because the seeds for urban growth are very
much contained in their urbanization itself. Also with an increase in real
income.
Couple with the
limits growth of urbanization in Offa Metropolis, in relation to their economic
activities especially in Offa Metropolis has additional people from different
place to settle down there. With this increase in population it has brought an
additional supply of foodstuff in needed to support the percentage of their
total population area.
[1.1] STATEMENT OF THE PROBLEM
National
prosperity as explained by
(2003) depends on considerable extent upon adequate functioning of the economic
accomplishment and the social achievement of its urban area.
Thus, with the
presence of quietness and some other noticeable activities as mentioned above
have brought an unprecedented in dome other states. So this rapid growth on the
has brought about lots of pressure
on the demand for landed property and commercial properties if compared with
other sub-urban areas with the state.
In the light of
this, that this study is designed to examine the effect of urban growth on
commercial property investment in Offa Metropolis.
[1.2] AIM AND OBJECTIVES OF HE STUDY
The topic aim to
examining the causes and the impacts of urban growth on the commercial property
investment in Offa Metropolis, .
The following objectives are to be considered.
i.
To examine what brought
about urban growth in Offa Metropolis
ii.
To examine the rate of
urban growth in Offa Metropolis
iii.
To examine to what
extent has the urban growth favour commercial property investment in Offa
Metropolis (
).
iv.
To examine other
influence and problems caused by the urban growth.
v.
To suggest possible
solutions to the problems identified.
[1.3] SCOPE AND LIMITATIONS OF THE STUDY
The scope is to
highlight the impact of the urban growth on commercial property investment in
Offa Metropolis.[1] The difficulties encountered during this research were
basically on data collection; thus, this has been described as the most
tedious, pain and in some area cases frustration so to say. (2)Also inability
to obtained the data at the material time contribute to the researcher’s
problem which is the back borne for the success of this project. [3]In
addition, is the difficulty encountered in tracking down the corners in Offa
Metropolis (
).
In fact, for any
research of this nature as a relatively long period of sustained concentration
is very vital.
In a nutshell,
the researcher’s has rather suffered much interrupted due to above listed
reason.
However, despite
all odds, the various information collected have been critically synthesis and
analyzed to make the research more meaningful and useful.
[1.4]DEFINITION OF TERMS
Investment:
The money that people or organizations have put into a company, business or
bank in order to get a profit or to make a business activity successful. Willing
made a number of high risk investments in the property market during the late
80’s.
Urbanization:
the development of town or city areas and the increasing proportion of man’s
ability to fashion the physical, economic and social world in which he lives.
Urban areas are thus very much a human invention which man has evolved as a
mean of organizing his existence. There are many problem involved in defining
the term urban area. Depending upon the point of view from which a study is
being made the urban area may refer to the physical and geographical thinks of
an urban area one has in a limited area and are separated form other such
centers by a much greater area of thinly settled land. Also the residents of
such places are normally, although not wholly, engaged in non-agricultural
occupations. Thus urban areas have important functions connected with those
manufacturing and services activities which are performed from centralized
locations. This would cover the case of an urban area whose functions were
primarily the provision of services for the surrounding agricultural area.
Furthermore, through out this and the following part of the book other terms
urban area, city and town are used to mean the same thing.
Property:
The thing or things that someone owns a word meaning a building, a piece of
lands, or both together used especially lawyers or Estate agent.
1.5 GEOGRAPHICAL SETTING
Offa local
government Area was creating in 1991both the head quarter of Offa.
The local
government has the 10 (ten) wards district Offa, Road distance from the state
capital to Offa local government area is 56km.
Population 74,
924 (Male 36, 727 and Female 38, 197) 2006 census
ii. Major
towns; Idi Ogun, Igbo Oran, Owode Oja Market
iii. Natural resources: Maize, Sweet potatoes
iv. Major
Language: Yoruba
vi.
Gronite
vii.
Major festival:
Egungun, Agere, Yan festival
viii.
Tourist attraction: Onimokasshrine
of .
1.6 HISTORICAL
BACKGROUND
Offa is a major
town in South West of the Niger
in .
It is location in the South Easter part of the .
The town was
founded by hunter Obalomi Olofagangun, sometimes in the 14th century
the people of Offa are descendants of Oduduwa and speak Yoruba, one of the three
major languages in Nigeria history has it that Olofagangun left Oyo and settle
in several palace until be finally arrived at the present of Offa.
Olofagangun was
hunter and has first settlement was near a river called “Maika” as a hunter
town in the old Oyo empire, Offa features in an intra and wider tribal wars and
defended itself against the Nupe and Fulani, Olofagangun died a Offa Esun in
the recurs course of his migration. Offa as a town as eventually named, was
hunting activities. The weapon is a bow and arrow called Olofa in Yoruba
Language. Ibolo dialet speak comprises of people of the surrounding town and
village within the state of
the neighboring
Osun state.
The people of
Offa celebrate a host of arrived festival including Orumoka, the most famous of
these festival is celebrated by Offa gathered at the town square, to witness a
blind folded man slices a yam tuber into two equal part, with miraculous provisions,
in high point during festival is ceremonial wresting when the Offa and Essa-one
of he chiefs another important aspect of the Onimoka a festival is the
celebration of “Moremi” deity legend has it that Moremi was married to the dove
of life from peace and prosperity. Perform rituals ad make offering to the spirit
of Moremi Egungun (masquerades) festival is celebrated with youth in colorful
mask and robes entertaining the people by making round at various locations in
the town they are rewarded with cash gift, for the performance, the Egungun
also offer prayer and blessing to their benefactors and the town in general.