Unlocking Pension Capital Could Transform Nigeria’s Housing Market
Nigeria’s mortgage market remains the shallowest globally, severely limiting homeownership growth. The country’s mortgage-to-GDP ratio stands at about 0.5%, far below peers such as Kenya (2.2%), Tunisia (10.2%), and Namibia (18.9%). South Africa exceeds 30%, while developed economies surpass 60%. High interest rates and short loan tenors have constrained mortgage expansion. Limited refinancing mechanisms reduce […]