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Analysis Shows Nigeria’s Mortgage Lending Rate Is About The Highest In The World by Blue3k(m): 8:35pm On Aug 27, 2019 |
One of the many problems bedeviling Nigeria is that of the housing shortage. In 2017, the Bureau of Public Service Reform (BPSR) warned that Nigeria was facing a housing deficit crisis as it was estimated that 108 million Nigerians were technically homeless. Source: https://nairametrics.com/2019/08/25/official-nigerias-mortgage-lending-rate-is-about-the-highest-in-the-world/ 1 Like 1 Share |
Re: Analysis Shows Nigeria’s Mortgage Lending Rate Is About The Highest In The World by Tocynone(m): 8:38pm On Aug 27, 2019 |
... and the FG is planning to impose Tax on our online transactions from Jan. 2020. Kuku kill us now Nonsense and ingridient |
Re: Analysis Shows Nigeria’s Mortgage Lending Rate Is About The Highest In The World by Tocynone(m): 8:38pm On Aug 27, 2019 |
... and the FG is planning to impose Tax on our online transactions from Jan. 2020. Kuku kill us now |
Re: Analysis Shows Nigeria’s Mortgage Lending Rate Is About The Highest In The World by FarahAideed: 8:40pm On Aug 27, 2019 |
A country of very wicked animals |
Re: Analysis Shows Nigeria’s Mortgage Lending Rate Is About The Highest In The World by Gentle034(m): 9:05pm On Aug 27, 2019 |
How do we change this? 1 Like |
Re: Analysis Shows Nigeria’s Mortgage Lending Rate Is About The Highest In The World by Chidexter(m): 9:23pm On Aug 27, 2019 |
Tocynone:The tin really pain u, sotay u post am twice.. dem wicked no b small |
Re: Analysis Shows Nigeria’s Mortgage Lending Rate Is About The Highest In The World by Tocynone(m): 9:26pm On Aug 27, 2019 |
Chidexter:My broda, Na sin to be a Nigerian? |
Re: Analysis Shows Nigeria’s Mortgage Lending Rate Is About The Highest In The World by Blue3k(m): 3:15am On Aug 28, 2019 |
Gentle034: The not much that can be done since inflation and interest rates are high. Nobody except the government is dumb enough lend below official inflation rate. If the government can get rates lower that one issue solved. The article mentioned other that I feel are just as important. There are many factors that are responsible for the housing deficit like the high cost of building materials, high level of poverty, high rate of urbanization, increase in population growth rate, high cost of land and the red tapes involved in land acquisition, among others. • Most land is untitled and cant be used as collateral. It ends up being dead capital. • Banks are weary to lend to consumers seeing they cant gauge credit worthiness. Home builders wont invest since it would be risky. • Im not aware government guarantees for lenders like in USA with FHA loans. 2 Likes 1 Share |
Re: Analysis Shows Nigeria’s Mortgage Lending Rate Is About The Highest In The World by Nobody: 3:48am On Aug 28, 2019 |
Blue3k: Our land use laws & opaque process of obtaining title to land remain perhaps the two dominant factors keeping the average Nigerian impoverished. Of course this suits our political leaders just fine because as long as the people are poor, they remain ignorant, uneducated & quite pliable, thus it is easy to keep them enslaved. 1 Like |
Re: Analysis Shows Nigeria’s Mortgage Lending Rate Is About The Highest In The World by Nobody: 4:37am On Aug 28, 2019 |
With all the ills and suffering, poverty and unemployment, Nigerian population should be down by 20% now... |
Re: Analysis Shows Nigeria’s Mortgage Lending Rate Is About The Highest In The World by 1shortblackboy: 4:57am On Aug 28, 2019 |
the most annoying thing is that nothing has changed the clueless leaders are not even planning to change anything. the worst part is some people who dont have a house of their own think the government is performing extremely well |
Re: Analysis Shows Nigeria’s Mortgage Lending Rate Is About The Highest In The World by grandstar(m): 7:37am On Aug 28, 2019 |
in Nigeria, capital is unnecessarily high and I count as the number factor adversely affecting business and not even the epileptic power supplies. The high cost of credit negatively affects productivity as manufacturers for example are justified in not wanting to takes loans to buy first class machinery that would make them very competitive. 3 Likes 1 Share |
Re: Analysis Shows Nigeria’s Mortgage Lending Rate Is About The Highest In The World by Blue3k(m): 12:42pm On Aug 28, 2019 |
In the same year, the Nigerian Bureau of Statistics estimated that the nation’s housing shortage was about 18 million. Even if the money was thereinvest I would assume homebuilders would decide to build apartments. Do most young people want to own home or would they rather rent? |
Re: Analysis Shows Nigeria’s Mortgage Lending Rate Is About The Highest In The World by Blue3k(m): 3:00pm On Sep 09, 2019 |
Lol it just got more expensive to get a loan today. The CBN scrapped mortgage cap. |
Re: Analysis Shows Nigeria’s Mortgage Lending Rate Is About The Highest In The World by helinues: 3:06pm On Sep 09, 2019 |
Lending who? Even if person get vital documents, some banks still refused to lend a loan Any loan that is above 15% are turned off |
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