www.iaset.us editor@iaset.us THE INFLUENCE OF REFUSE DUMPSITE ON RENTAL VALUES OF RESIDENTIAL PROPERTIES PETER NKOLIKA JOY, ONI ABIODUN SAMSON, IBISOLA ABAYOMI SOLOMON, BORONI EDAFE & AMUSAN LEKAN Covenant University, Estate Department, Ota, Ogun State, Nigeria ABSTRACT This study was aimed at examining the impact of refuse dumpsite on rental values of residential properties in Utako district, FCT – Abuja, Nigeria. This was with a view to investigating into the relationship between rental values of residential properties and distances away from the refuse dumpsite. In attaining the aim of this research, three objectives were formulated. Data were collected from primary and secondary sources. The primary sources were through self-administered questionnaires with the goal of obtaining reliable information from the residents of residential properties and Estate Surveyors and Valuers while secondary sources included past research projects, journal articles, property magazines such as Orbitals, Homes and Lands magazines etc. and literatures on similar topics. Appropriates sample sizes were determined using the Bartlett, Kotrlik and Higgins (2001) model. From the study, recommendations were made based on the findings by the Federal Capital Territory Administration (FCTA), Abuja Environmental Protection Board (AEPB), and The Nigerian Institution of Estate Surveyors and Valuers (NIESV) that the Nigeria Institution of Estate Surveyors and Valuers (NIESV) should place more emphasis through the academic curriculum on environmental management taking into considerations issues like waste disposal and management knowing fully well that wastes if well managed can be recycled to create more wealth and employment opportunities for the Nigerian youth, similar studies should be extended to other major cities in the country and the world at large for comparison of differences and findings in property value trends. KEYWORDS: Refuse Dumpsite on Rental Values of Residential Properties INTRODUCTION The rate of change in municipal solid waste quantities and composition in developing and developed countries is unprecedented. In most urban centres in Nigeria, wastes are disposed of by dumping in open areas, which produces health and pollution problems by encouraging the growth of organisms that can transmit diseases to people living around that vicinity. Sometimes in order to reduce the volume of waste and conserve space, these waste or refuse in open dumps are burnt which in turn produces a form of air pollution. As countries become richer and more urbanized their waste composition changes (Freeman 111 1979 and Lietman 1995.) A negative side of greater influence is that it brings with it more waste of higher volume (making waste more expensive to collect). It is noteworthy that waste management is a labour and capital-intensive function that often consumes 20 to 50 percent of municipal operating budget (Oyinlola 1998 and Thomas 2000). Financing waste management is a major problem for municipalities that are faced with chronic resource shortages and competing demands. As a consequence, waste management in many cities fail to meet minimum acceptable standards with grave adverse effects on the urban environment, public health, quality of life for large city International Journal of Humanities and Social Sciences (IJHSS) ISSN(P): 2319-393X; ISSN(E): 2319-3948 Vol. 5, Issue 2, Feb - Mar 2016, 67-76 © IASET brought to you by CORE View metadata, citation and similar papers at core.ac.uk provided by Covenant University Repository