# Nigeria housing

2 articles tagged

Accessing Low-Interest Mortgage Loans from 6% in Nigeria: A Guide for Citizens

Nigeria faces a significant housing deficit, estimated between 20 to 28 million units. The Federal Mortgage Bank of Nigeria (FMBN) is working to bridge this gap by offering mortgage loans at single-digit interest rates, as low as 6% and 7%, with tenors of up to 30 years.

Apr 13, 202612 min read

Opinion

Nigeria's Persistent Housing Deficit: A Look at Unfulfilled Promises

Despite numerous government initiatives since independence, Nigeria continues to grapple with a significant housing shortage, with mass housing projects often failing to meet the needs and affordability of the general populace. Many completed projects remain unoccupied or abandoned due to their prohibitive costs for low-income citizens.

Apr 11, 202613 min read

Affordable housing Government policies Housing deficit