Nigeria to boost mortgage financing system | News | Al Jazeera

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.

    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

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