HOUSING DEVELOPMENT POLICY AND SOCIO-ECONOMIC DEVELOPMENT IN AKWA IBOM STATE

ABSTRACT Housing policy is the government acting in its full extent, including laws and measures, that in a direct or indirect way challenges the housing of the citizens - thus housing Development Policy and Socio-economic Development in Akwa Ibom State: 2012 - 2024 become a necessary topic for discussion. Moreover, it is worth pointing out that the need for a clean home is very much important as, it is the heart of an individual for their survival and physical health, as it happens to be the same community that these people stay in contributes to the economic enhancement of the state. In contrast, poverty in two countries, institutional impediments, limited mechanism of finance management and absence of political will on the part of the government for the implementation of the policy ideal in the country have distorted the achievement of Nigerian housing goals in Akwa Ibom State. The aim of the study was to determine the extent of the land acquisition inequality in Akwa-Ibom State due to income disparity. In the course of the study, Welfare State theory was supposedly used as the most relevant there theory. Descriptive research design was adopted while data was sourced from documented sources that is secondary sources such as textbooks, journals, newspapers, and internet. This was followed by the application of content analysis technique in analyzing the collected data. Besides the impact of rising income inequality, the other issues pertaining to the failure of the implementation of in particular housing policy in Akwa Ibom State include: the inhibiting factor of administrative past and ineffective finance strategy on low-income groups within the said sector and the issue of policy standards and directives. As a result, there were resort driven recommendations that suggested that the state government of Akwa Ibom ought to bridge the income inequality gap and augment the low income accommodation in favor of low income group for the promotion of the socio-economic wellness of the state. Keywords: Housing Policy, Socio-economic Development, Income Inequality, Finance System and Welfare State