Stakeholder Inclusion, Sustainability, and Infrastructural Risk Financing in Lagos Home Ownership Mortgage Scheme (homs): a Mixed-methods Cross-sectional Analysis
Year: 2026
Type: article
Study design: Observational Study
Abstract: The Lagos Home Ownership Mortgage Scheme (HOMS) was created to address the housing shortage in Lagos State, Nigeria, but ongoing issues with stakeholder engagement, environmental sustainability, and infrastructure risk financing still hinder the scheme's efficiency and future success. This study investigated the link among stakeholder engagement practices, sustainability integration, and infrastructure risk funding mechanisms in Lagos HOMS, focusing specifically on the views of government officials, contractors, and public beneficiaries. Anchored in Stakeholder Theory, Risk Governance Theory and the Sustainable Development Framework, the study is grounded on pragmatist philosophical paradigm and utilised a cross-sectional survey design that incorporated a concurrent mixed-methods approach. Quantitative data were obtained using structured questionnaires distributed to 384 participants proportionately from the five administrative divisions of Lagos State (Ikeja, Badagry, Ikorodu, Lagos Island, and Epe, collectively referred to as IBILE), whereas qualitative data weregathered through semi-structured interviews conducted with 15 officials from the Lagos State Ministry of Housing, 20 contractors involved in HOMS projects, and 10 purposively chosen public beneficiaries. The instrument survey showed strong reliability (Cronbach's alpha = 0.87) and was validated via expert evaluation and confirmatory factor analysis. Findings revealed that stakeholder participation in Lagos HOMS is mainly superficial, sustainability factors are inadequately integrated into project design and execution, and risk financing strategies are underdeveloped and poorly coordinated. The result study further identified the statistically significant relationships between the degree of stakeholder inclusion and both sustainability outcomes (r = 0.64, p < 0.01) and risk financing adequacy (r = 0.58, p < 0.01).Qualitative results supported these trends, as interviewees emphasised bureaucratic bottlenecks, limited community participation, and inadequate insurance and guarantee systems as major limitations. The study recommends the creation of participatory governance frameworks, the integration of green building standards, and the establishment of a specific infrastructure risk financing fund for Lagos HOMS. These findings contribute to the growing body of literature on governance in public housing in Lagos State.
Institution: Lagos State University
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W7166318869