“Who Benefits? A deep Dive into the Social and Economic Impact of Cooperative Housing Estates in Lagos Megacity”

Abstract

Cooperative housing estates play a crucial role in addressing housing affordability in Lagos Megacity by providing an alternative to the conventional housing market. This study examines the social and economic impact of cooperative housing, focusing on gender distribution, income levels, education, occupation, and marital status among beneficiaries. Findings indicate that the majority of respondents are married (69.4%), within the 18-45 age group (61.4%), and belong to the middle-income bracket, earning between ₦601,000 and ₦1,200,000 annually (49.5%). The study also highlights a gender gap in employment, with men slightly dominating the workforce. Self-employment (56.4%) is the most common occupation, while education levels are largely concentrated at OND/NCE and HND/BSc levels. The results suggest that cooperative housing benefits middle-income earners, particularly married individuals with stable income sources. However, disparities exist in access to housing based on gender and ethnicity. The study recommends the implementation of affordable mortgage schemes, financial support for self-employed individuals, and policies that promote gender inclusivity in employment and housing accessibility. Enhancing education and vocational training will further improve earning capacity and housing affordability. Moreover, addressing socio-economic inequalities through inclusive housing policies and cooperative governance reforms will ensure fair participation and transparent land allocation. Government incentives, such as tax reliefs and subsidies, should support cooperative housing initiatives. Public awareness campaigns and stakeholder engagement programs are essential for promoting participation and sustainability. Overall, this research underscores the potential of cooperative housing in reducing housing deficits and fostering social equity, emphasizing the need for targeted interventions to enhance accessibility and long-term sustainability in Lagos Megacity.