Issues, Challenges, and Prospects in the Housing Sector: Operator’s Perspective

Festus Adebayo
Additional contact information
Festus Adebayo: Abuja International Housing Show, Abuja

Economic and Financial Review, 2019, vol. 57, issue 4

Abstract: This article provides an operator’s perspective on the issues, challenges, and prospects in the housing sector in Nigeria. Topics covered include existing housing situation in Nigeria; and issues and challenges affecting affordable housing in Nigeria. The article also examines the prospects for Nigeria housing sector and made key recommendations which include: Creating enabling policies around land title documentations; Fast track the passage of foreclosure bill into law to legally resolve default issues in the sector; Advance the ongoing partnership between the Mortgage Banking Association of Nigeria (MBAN) and the Central Bank of Nigeria (CBN) with regards to the underwriting standards which can increase housing and mortgage affordability for the masses; Building the right skill ecosystem through job-driven training programmes; Institutionalisation of collaboration and partnerships between large scale industry players to enhance mass housing provision and affordability; Creating standard data base in African countries, especially in Nigeria; and Policy creation, adoption and financing of sustainable buildings that utilise green approach in construction which integrates topography into developments.

Keywords: Housing Finance; Mortgage Finance; Housing; Nigeria (search for similar items in EconPapers)
Date: 2019
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://dc.cbn.gov.ng/cgi/viewcontent.cgi?article=1025&context=efr (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ava:cbnefr:v:57:y:2019:i:4:a:9:p:

Access Statistics for this article

More articles in Economic and Financial Review from Central Bank of Nigeria Contact information at EDIRC.
Bibliographic data for series maintained by Bishara Dogo ().