期刊名称：The Journal of Sustainable Development in Africa (JSDA)
电子版ISSN：1520-5509
出版年度：2011
卷号：13
期号：8
出版社：Institute of Sustainable Development in Africa
摘要：The main objective of this paper is to examine the operations of the mortgage finance institutions in Nigeria in urban housing development. The study is necessitated by the need to find solution to the lingering problem of housing financing in Imo and Abia States, South-Eastern region of Nigeria. The problem is exacerbated by the fact that banks and other financial institutions are operationally biased in favour of lending to other sectors where there is assurance of higher profitability and faster returns. The operations of the mortgage banks in Nigeria as revealed by respondents through our questionnaires are characterized by inefficient machinery and inadequate funding for effective implementation of the nation’s housing programme. In this regard, concrete identification of the various problems facing the housing sector especially in Imo and Abia States of Nigeria provide the direction of the needed initiative in solving the urban housing problems if the current reforms must work. It is therefore the opinion of the author that there is need to enhance the accessibility of mortgage funds by prospective individuals and estate developers and encourage them to mobilize resources to meet varying housing demands.
关键词：Mortgage Finance; Loans; Primary Mortgage Institutions; National Housing Fund; Development plan.
