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.
Published On 6 Nov 2013
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.
Source: Al Jazeera