Implications of Industrial Activities on Land and Residential Property Values in Port Harcourt, Rivers State, Nigeria

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International Journal of Research and Innovation in Applied Science (IJRIAS) | Volume V, Issue III, February 2020 | ISSN 2454–6186

 Implications of Industrial Activities on Land and Residential Property Values in Port Harcourt, Rivers State, Nigeria

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 Naabura, M. K.1, Emejuru, S.A.2
1Department of Estate Management, Ken Saro-Wiwa Polytechnic, Bori, Nigeria
2School of Environmental Science, Captain Elechi Amadi Polytechnic, Port Harcourt, Nigeria

Abstract: This paper addressed the implications of industrial activities on hand and residential property values in Port Harcourt, Rivers State, Nigeria. The aim is to ascertain the level at which industrial operations has negatively affected the usage and viability of residential properties in the area including the environment. The methodology adopted by the researchers since it is survey and descriptive research, utilized both primary and secondary method of data collection. Questionnaires were distributed to three classes of respondents in the field which involved property owners, tenants and some company staff that reside in the area, as the target population for the study, covering trans-Amadi and four communities with close proximity – Oginigba, Elekahia, Abuloma and Ogbumnabali because they are mainly residential in nature. The study made use of the tabular form, and the chi square for the analysis and test of hypothesis in the work. they study found out actually that industrial activities and effectual the land and residential properties, as tenement rental values per annum areas close to industrial layout were between N4000 – N6000 while the rate for properties far from industrial area were between N6000 – N5000. The presence of industries in the state has attracted so many people to settle in Rivers State. It has given employment to more numbers of people. But most importantly, industrial activities has turned productive lands unproductive through land degradation, environmental pollution, forest fires, more solid and liquid wastes are generated, causing unannounced sicknesses, reducing the viability of all classes of properties and above all, causing death to human beings and biodiversity loss. It is recommended that all should imbibe the habit of preserving the only earth we have.
Keywords: Implications, industries, land, residential properties, values.