Flagship Projects and its’ Application to Urban Regeneration in the UK and USA: Prospect in the Nigerian Context

Article ID

13L42

Flagship Projects and its’ Application to Urban Regeneration in the UK and USA: Prospect in the Nigerian Context

Stephen Femi Oyeyoade
Stephen Femi Oyeyoade Obafemi Awolowo University
Alirat Olayinka Agboola
Alirat Olayinka Agboola
Adedayo Odebode
Adedayo Odebode
DOI

Abstract

Flagship regeneration as a model of urban renewal materialized in search for pragmatic solutions to the socioeconomic problems caused by deindustrialisation of some ancient cities in the United Kingdom and United States of America late 1960s. The subsequent adoption of this concept by other developed countries was due to its capability as panacea to city decay and ability to revitalize or rebrand urban centre for investment attractions and possibility of reducing the burden of social services provision on the municipal governments. The reviewed literatures explain that individual city has basic features or attributes upon which flagship projects could be developed and thereby accord such city with unique image and functionality within and outside the region. Also, the possible drive for wealth creation and eventual poverty alleviation edged flagship regeneration over other contemporary models of urban renewal. However, despite the acclaimed age long benefits of flagship projects there have been no appreciable efforts by the Nigerian government to embrace or encourage this concept even at the abundance of potentialities. The paper therefore, examines the application of flagship regeneration in the UK and USA with a view to establishing its prospect in proffering solutions to urban degeneration in Nigeria. In this course, the diversity of; cultural background, historical heritage, job specialisation, fascinating Mother Nature, etc, are perceived to be reference points for tourism flagships development. Conversely, an indepth exploration unfolds various peculiar encumbrances that could undermine its smooth application. It was however concluded that various tiers of governments should embrace flagships development with due attention to the recommendations made for surmounting the envisaged bottlenecks and ensuring resourceful implementation.

Flagship Projects and its’ Application to Urban Regeneration in the UK and USA: Prospect in the Nigerian Context

Flagship regeneration as a model of urban renewal materialized in search for pragmatic solutions to the socioeconomic problems caused by deindustrialisation of some ancient cities in the United Kingdom and United States of America late 1960s. The subsequent adoption of this concept by other developed countries was due to its capability as panacea to city decay and ability to revitalize or rebrand urban centre for investment attractions and possibility of reducing the burden of social services provision on the municipal governments. The reviewed literatures explain that individual city has basic features or attributes upon which flagship projects could be developed and thereby accord such city with unique image and functionality within and outside the region. Also, the possible drive for wealth creation and eventual poverty alleviation edged flagship regeneration over other contemporary models of urban renewal. However, despite the acclaimed age long benefits of flagship projects there have been no appreciable efforts by the Nigerian government to embrace or encourage this concept even at the abundance of potentialities. The paper therefore, examines the application of flagship regeneration in the UK and USA with a view to establishing its prospect in proffering solutions to urban degeneration in Nigeria. In this course, the diversity of; cultural background, historical heritage, job specialisation, fascinating Mother Nature, etc, are perceived to be reference points for tourism flagships development. Conversely, an indepth exploration unfolds various peculiar encumbrances that could undermine its smooth application. It was however concluded that various tiers of governments should embrace flagships development with due attention to the recommendations made for surmounting the envisaged bottlenecks and ensuring resourceful implementation.

Stephen Femi Oyeyoade
Stephen Femi Oyeyoade Obafemi Awolowo University
Alirat Olayinka Agboola
Alirat Olayinka Agboola
Adedayo Odebode
Adedayo Odebode

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Stephen Femi Oyeyoade. 2019. “. Global Journal of Management and Business Research – F: Real estate, Event, Tourism Management & Transporting GJMBR-F Volume 19 (GJMBR Volume 19 Issue F2): .

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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Issue Cover
GJMBR Volume 19 Issue F2
Pg. 47- 58
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GJMBR-F Classification: JEL Code: O18, R42
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Flagship Projects and its’ Application to Urban Regeneration in the UK and USA: Prospect in the Nigerian Context

Stephen Femi Oyeyoade
Stephen Femi Oyeyoade Obafemi Awolowo University
Alirat Olayinka Agboola
Alirat Olayinka Agboola
Adedayo Odebode
Adedayo Odebode

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