Increasing Mortgage Finance Efficiency in Nigeria

Simple item page
dc.contributor.authorNubi, T.G.
dc.date.accessioned2022-09-02T11:45:30Z
dc.date.available2022-09-02T11:45:30Z
dc.date.issued2007-10
dc.descriptionScholarly articleen_US
dc.description.abstractAbsence of a mortgage financing mechanism has been widely reported to be one of the most telling indices of underdevelopment. The huge capital outlay involved makes housing the largest form of investment decision by most family making credit inevitable for its procurement. Several efforts had been made in Nigeria to build a sustainable mortgage finance system but there are very few results to show for the efforts. This paper is a comprehensive appraisal of the primary mortgage banks in Nigeria. The survey covers the operating primary Mortgage Institutions (PMI) Lagos and Abuja. The result revealed that the PMIs are undercapitalized and unbundled. Absence of secondary mortgage and mortgage insurance together with poor operation that relies heavily on manual and not taking advantage of IT. It was recommended that PMI should be recapitalized, mortgage insurance introduced, and mortgage finance unbundled while the deposit money banks be encouraged to invest in mortgage.en_US
dc.identifier.citationNubi, T.G. (2007). Increasing Mortgage Finance Efficiency in Nigeria. Bullion Publication of the Central Bank of Nigeria.en_US
dc.identifier.issn0331-7919
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/11242
dc.language.isoenen_US
dc.publisherBullion Publication of the Central Bank of Nigeriaen_US
dc.subjectMortgage Insuranceen_US
dc.subjectUnderdevelopmenten_US
dc.subjectCapital outlayen_US
dc.subjectFinancing Mechanismen_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCESen_US
dc.titleIncreasing Mortgage Finance Efficiency in Nigeriaen_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
INCREACING MORTGAGE FINANCE EFFICIENCY IN NIGERIA.pdf
Size:
9.06 MB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Estate Management - Scholarly Publications