Babcock University Research Portal

Comparative Study on the Causes of Depreciation of Process Plants in Lagos and Ogun States Industrial Axes of Nigieria

Authors: Okoh P., Ebi Uchenna , Orelaja Abolanle

Publication Type: Journal article

Journal: International Journal Of Latest Engineering And Management Research

ISSN Number:

Downloads

Views

Abstract

This comparative study analysed the causes of depreciation in process plants on cement, brewery and paper industries in Lagos and Ogun States Nigeria. The objectives were to: identify the different causes of depreciation in process plants in cement, brewery and paper industries, obtain the views of estate surveyors and values on the causes of depreciation in process plants in the three industries, obtain the views of estate surveyors and valuers on the causes of depreciation in the three industries, rank the views of estate surveyors and valuers on the most significant causes of depreciation in these three process plants in Lagos and Ogun States Nigeria and present a statement of significance of the findings to practising estate surveyors and valuers in the study areas. A review of extant literature was conducted to identify the causes of depreciation from where a set of questionnaires was developed. 337 estate surveying firms (317 from Lagos and 20 from Ogun States) were administered with questionnaires and 172 were retrieval fully completed representing 51% retrieved which was considered adequate for this purpose. The data was analysed using mean item score (MIS) with the aid of the statistical package for social science (SPSS 20 for windows). It was found out that wear and tear in the physical deterioration class was the most significant cause of depreciation in the three industries with an MIS of 4.25, 4.03 and 3.98 for cement, brewery and paper industries respectively. Ranked second in cement industry was highest and best use for the subject item with a MIS of 3.98 same, second for brewery and paper industries was use in service with a MIS of 3.82 MIS of 3.66 namely. These findings will help estate practitioners in their valuation and property management services delivery.

Access to Documents

External Link
Download
Digital Object Identifier

Keywords

Okoh,V.P Ebi,U. Orelaja,A. . (2017). Comparative Study on the Causes of Depreciation of Process Plants in Lagos and Ogun States Industrial Axes of Nigieria, 2 (), 13-13.

Okoh,V.P Ebi,U. Orelaja,A. . "Comparative Study on the Causes of Depreciation of Process Plants in Lagos and Ogun States Industrial Axes of Nigieria" 2, no (), (2017): 13-13.

Okoh,V.P and Ebi,U. and Orelaja,A. and . (2017). Comparative Study on the Causes of Depreciation of Process Plants in Lagos and Ogun States Industrial Axes of Nigieria, 2 (), pp13-13.

OkohVP, EbiU, OrelajaA, . Comparative Study on the Causes of Depreciation of Process Plants in Lagos and Ogun States Industrial Axes of Nigieria. 2017, 2 ():13-13.

Okoh,Victor P., Ebi,Uchenna , and Orelaja,Abolanle . "Comparative Study on the Causes of Depreciation of Process Plants in Lagos and Ogun States Industrial Axes of Nigieria", 2 . (2017) : 13-13.

O.Victor P. E.Uchenna & O.Abolanle , "Comparative Study on the Causes of Depreciation of Process Plants in Lagos and Ogun States Industrial Axes of Nigieria" vol.2, no., pp. 13-13, 2017.

Access to Documents

Keywords

About Us

Admissions

Contact Us

Policies

ALUMNI

STUDENT POPULATION