Home / Current Issue / Paper 1710085
Factors Influencing the Impact of Stakeholder Interactions on Property Development Outcomes in Ibadan, Nigeria
Subject area: Physical Sciences and Environment · Area of research: Property Development
Abstract
This study examined the various factors influencing stakeholder interactions and their effects on property development outcomes in Ibadan, Nigeria. Using a quantitative approach, data were gathered from 146 built environment professionals like architects, engineers, builders, and surveyors representing a 71.22% response rate from 205 questionnaires. The majority of respondents (63.7% male, over 75% with at least a bachelor's degree) offered insights from their diverse roles in the property development process. Key factors identified include high security concerns, crime rates, and the existence of proper regulatory frameworks, both ranking highest with a mean score of 4.2192. Conversely, currency instability (3.7192), low interest rates and inflation (3.7123), and negative media coverage (3.6986) had relatively lower perceived impacts. Principal Component Analysis (PCA), supported by a KMO value of 0.689 and significant Bartlett?s test (?? = 526.390, df = 210, p < 0.001), revealed seven core components explaining 57.86% of the total variance. These components reflect socio-political, institutional, and macroeconomic dimensions of stakeholder engagement. Variables such as political stability, community participation, and project complexity (communality = 0.834) were central. The study concludes that property development is influenced by a complex mix of structural, economic, and governance factors, recommending strengthened institutions, improved communication, and inclusive policies to enhance development outcomes.
Keywords
Stakeholders, Interactions, Property Development, Ibadan, Nigeria
References
[1] Aaltonen, K., & Sivonen, R. (2009). Response Strategies to Stakeholder Pressures In Global Projects. International Journal of Project Management, 27(2), 131–141. https://doi.org/10.1016/j.ijproman.2008.09.007
[2] Aapaoja, A., Haapasalo, H., & Söderström, P. (2013). Early Stakeholder Involvement in Project Scope Definition: A Process Framework. Procedia - Social and Behavioral Sciences, 74, 448–457. https://doi.org/10.1016/j.sbspro.2013.03.030
[3] Adetunji, O., & Olanrewaju, D. O. (2017). The Role Of Community Participation In Sustainable Urban Development in Nigeria. Journal of Sustainable Development in Africa, 19(3), 35–50.
[4] Adelekan, I. O. (2016). Urban Climate Adaptation in Nigeria: Challenges and opportunities. Urban Climate, 17, 1–3. https://doi.org/10.1016/j.uclim.2016.01.001
[5] Ajibade, I. (2017). Can a Future City Enhance Urban Resilience and Sustainability? A Political Ecology Analysis of Eko Atlantic City, Nigeria. International Journal of Disaster Risk Reduction, 26, 85–92. https://doi.org/10.1016/j.ijdrr.2017.09.029
[6] Ajibola, M. O., Oloke, C. O., & Ojo, O. (2013). The Role of Government Agencies In Property Development: Case Study Of Ibadan, Nigeria. Journal of Environmental Design and Management, 5(1), 49–63.
[7] Aluko, O. (2011). Development control in Lagos State: An Assessment of Public Compliance to Space Standards for Urban Development. African Research Review, 5(5), 169–184. https://doi.org/10.4314/afrrev.v5i5.15
[8] Chinyio, E., & Akintoye, A. (2008). Practical Approaches for Engaging Stakeholders: Findings from the UK. Construction Management and Economics, 26(6), 591–599. https://doi.org/10.1080/01446190801998715
[9] Chinyio, E., & Olomolaiye, P. (2010). Construction Stakeholder Management. Wiley-Blackwell. https://doi.org/10.1002/9781444315341
[10] Egbu, C. O., Carey, B., Sullivan, K., & Kumar, B. (2008). A study of Project Management In Construction Projects in Nigeria. Association of Researchers in Construction Management (ARCOM).
[11] Egunjobi, L. (2020). Urban Planning Challenges in Ibadan: Reflections And Prospects. Nigerian Journal of Urban and Regional Planning, 8(2), 1–12.
[12] El-Gohary, N. M., Osman, H., & El-Diraby, T. E. (2006). Stakeholder management for public-private partnerships. International Journal of Project Management, 24(7), 595–604. https://doi.org/10.1016/j.ijproman.2006.07.009
[13] Enshassi, A., Mohamed, S., & Abushaban, S. (2009). Factors Affecting the Performance Of Construction Projects in the Gaza Strip. Journal of Civil Engineering and Management, 15(3), 269–280. https://doi.org/10.3846/1392-3730.2009.15.269-280
[14] Freeman, R. E. (1984). Strategic Management: a Stakeholder Approach. Pitman Publishing.
[15] Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2014). Multivariate data analysis (7th ed.). Pearson.
[16] Jepsen, A. L., & Eskerod, P. (2009). Stakeholder Analysis in Projects: Challenges In Using Current Guidelines In The Real World. International Journal of Project Management, 27(4), 335–343. https://doi.org/10.1016/j.ijproman.2008.04.002
[17] Oduwaye, L. (2015). Urban land use planning and re-planning in Nigeria: Challenges and remedies. Journal of Environment and Earth Science, 5(5), 163–172.
[18] Ojo, R. (2021). Institutional Barriers to Housing Development in Nigeria: A Stakeholder Analysis. International Journal of Housing Policy, 21(2), 172–188. https://doi.org/10.1080/19491247.2020.1770556
[19] Olander, S., & Landin, A. (2005). Evaluation of stakeholder influence in the implementation of construction projects. International Journal of Project Management, 23(4), 321–328. https://doi.org/10.1016/j.ijproman.2005.02.002
[20] Olawumi, T. O., & Chan, D. W. M. (2019). Identifying and prioritizing the benefits of integrating BIM and sustainability practices in construction projects: A Delphi study. Sustainable Cities and Society, 40, 16–27. https://doi.org/10.1016/j.scs.2018.03.033
[21] Oyesiku, K. (2010). City profile: Ibadan. Cities, 27(5), 390–400. https://doi.org/10.1016/j.cities.2010.05.002
[22] Pallant, J. (2020). SPSS survival manual (7th ed.). Open University Press.
[23] Project Management Institute (PMI). (2017). A guide to the project management body of knowledge (PMBOK® Guide) (6th ed.).
[24] Rowlinson, S., & Cheung, Y. H. (2008). Stakeholder management through empowerment: Modelling project success. Construction Management and Economics, 26(6), 611–623. https://doi.org/10.1080/01446190802071130
[25] Scott, W. R. (2001). Institutions and organizations (2nd ed.). Sage Publications.
[26] Yang, J., Shen, G. Q., Ho, M., Drew, D. S., & Chan, A. P. C. (2009). Exploring Critical Success Factors For Stakeholder Management In Construction Projects. Journal of Civil Engineering and Management, 15(4), 337–348. https://doi.org/10.3846/1392-3730.2009.15.337-348
How to cite this paper
@article{1710085,
author = {Iyabo Aina Oladeni, Adewale Rufai Adedokun},
title = {Factors Influencing the Impact of Stakeholder Interactions on Property Development Outcomes in Ibadan, Nigeria},
journal = {Iconic Research And Engineering Journals},
year = {2025},
volume = {9},
number = {2},
pages = {531-545},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1710085.pdf},
abstract = {This study examined the various factors influencing stakeholder interactions and their effects on property development outcomes in Ibadan, Nigeria. Using a quantitative approach, data were gathered from 146 built environment professionals like architects, engineers, builders, and surveyors representing a 71.22% response rate from 205 questionnaires. The majority of respondents (63.7% male, over 75% with at least a bachelor's degree) offered insights from their diverse roles in the property development process. Key factors identified include high security concerns, crime rates, and the existence of proper regulatory frameworks, both ranking highest with a mean score of 4.2192. Conversely, currency instability (3.7192), low interest rates and inflation (3.7123), and negative media coverage (3.6986) had relatively lower perceived impacts. Principal Component Analysis (PCA), supported by a KMO value of 0.689 and significant Bartlett?s test (?? = 526.390, df = 210, p < 0.001), revealed seven core components explaining 57.86% of the total variance. These components reflect socio-political, institutional, and macroeconomic dimensions of stakeholder engagement. Variables such as political stability, community participation, and project complexity (communality = 0.834) were central. The study concludes that property development is influenced by a complex mix of structural, economic, and governance factors, recommending strengthened institutions, improved communication, and inclusive policies to enhance development outcomes.},
keywords = {Stakeholders, Interactions, Property Development, Ibadan, Nigeria},
month = {August},
}