Home Ownership Determinants among Workers in Public Tertiary Institutions in Lagos State, Nigeria: A Behavioural Approach
This work studied interactive influence of socio-economic, behavioural, and lifestyles variables on home ownership among workers in public tertiary institutions in Lagos State, Nigeria. The population of the study was 10, 285 comprising of all workers in University of Lagos, four thousand three hundred and sixty-eight, Lagos State University, one thousand six hundred and eighty-three, Yaba College of Technology, one thousand nine hundred and ninety-nine, Lagos State Polytechnic, one thousand one hundred and seventy-two,Federal College of Education Technical, five hundred and sixty-five, and AdeniranOgunsanya College of Education, four hundred and ninety-eight. Cross sectional survey design approach was used in this study. A total of 2,058 self-administered questionnaire representing 20% of the sample frame was proportionately drawn from the listed institutions and structured self-administered questionnaire was used to collect primary data. Analysis was based on 1,773 sets of questionnaire accepted after screening. Descriptive and inferential statistical tools were used in analysis. The study established that behavioural, and lifestyle variables are significant predictors of home ownership as humans are “socio-econopsychological” in home ownership matters. It also found that 80% of workers in public tertiary institutions in Lagos State in Nigeria have home ownership dream and aspire to realize it. However, the major new discovery from this study is that; socio-economic and behavioural variables interact at different total effect values (ranging from -0.011 to - 0.0126) > than direct effect values (ranging from – 0.003 to – 0.022), p- value 0.000 and 95% Confidence Level to influence home ownership. Based on the above revelation, the study developed a Home Ownership Intention Action Schematic Diagram to guide and aid proactive home ownership pursuit efforts. Therefore, the study concluded that socio-economic, behavioural and lifestyle are the variables that determine home ownership not only socio-economic variables as was previously believed. The study recommended inclusion of home ownership studies into educational system of Nigeria in order to increase home ownership rate in the country. Key words: Behavioural, , , Workers.