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Africa

Nigeria to boost mortgage financing system

World Bank project aims to boost the country's percentage of homeowners, which is one of the lowest in Africa.

Last Modified: 06 Nov 2013 14:28
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With interest rates running as high as 30 percent in Nigeria, getting a loan to buy a house is a problem for many.

But the World Bank's decision to provide Nigeria with money to help provide low interest mortgages is good news for millions of people who want to buy a house.

Al Jazeera's Yvonne Ndege reports from Abuja.

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Al Jazeera
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