Assessing Nigeria’s mortgage industry amidst high inflation, interest rates - Daily Trust

Assessing Nigeria’s mortgage industry amidst high inflation, interest rates - Daily Trust

Nigeria has long grappled with a persistently widening housing deficit estimated at 20-28 million units. This chronic shortage has for decades remained a damning national challenge, defying the efforts of successive administrations.  Experts attribute this to a combination of factors, including weak mortgage systems, limited access to credit, high interest rates, ineffective housing policies and an urbanisation rate that continues to outpace hou…