ROLE OF GOVERNANCE STRUCTURE IN MITIGATING BUILDING ABANDONMENT OF CONSTRUCTION WORKS IN SELECTED STATES IN SOUTH-SOUTH, NIGERIA

Authors

  • Madawa Carl Seiyaibo Unizik Business School, NigeriaNnamdi Azikiwe University, Awka, Anambra State, Nigeria
  • Emmanuel Ikechukwu Okoye UNIZIK-ANAN Centre for Accounting Studies
  • Ugochukwu J. Nwoye Department of Accountancy, Nnamdi Azikiwe University, Awka, Nigeria https://orcid.org/0000-0003-4758-9214

Keywords:

Building abandonment, Construction works, Governance structure, Nigeria, Project governance

Abstract

This study investigated the extent to which governance structure can mitigate building abandonment of construction works in selected south-south states, namely - Bayelsa, Delta and Edo States using survey design.  To achieve the study objective, copies of the structured questionnaire were administered to two hundred and fifty-five (255) respondents, out of which two hundred and thirty-six (236) were fully retrieved and analysed, thus representing 92.5 percent of the response rates. Data obtained were analysed using descriptive (frequency counts, simple percentages, mean, and standard deviation) and inferential (multiple regression) statistics.  The multiple regression results revealed among others that governance structure (t-value = 4.84; p-value = 0.000), plays positive and significant roles in mitigating building abandonment of construction works in Bayelsa, Delta and Edo States.  Based on the findings, the study recommends the promoter of construction work or building projects should conduct studies to determine the feasibility of their proposals to avoid unnecessary wastage of valuable resources. In addition, project governance strategies like risk management frameworks, competencies of contractors and financial capabilities of contractors, routine supervision of projects and the use of experienced project engineers to supervise projects should be strengthened.

 

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Published

15-11-2024

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Section

Articles

How to Cite

ROLE OF GOVERNANCE STRUCTURE IN MITIGATING BUILDING ABANDONMENT OF CONSTRUCTION WORKS IN SELECTED STATES IN SOUTH-SOUTH, NIGERIA. (2024). Journal of Contemporary Issues in Accounting, 5(1), 86-104. https://journals.unizik.edu.ng/jocia/article/view/4701

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