Accessibility to Affordable Mortgage Funding – A Purview of the Nigerian System
According to the CBN’s financial system’s strategy (2020), mortgage finance requirement for the country is conservatively placed at between 15-20 trillion naira, also house stock is estimated at 10.7 million, out of which only about 5% is financed via a formal mortgage system. Home ownership in Nigeria is put at 10% compared to 72%(US), 72.5%(Malaysia),...