Understanding mortgage refinancing in Nigeria

The CEO of the Nigeria Mortgage Refinance Company, Charles Inyangete, says there is a requirement for Nigeria to build about 800,000 houses yearly to meet up the shortfall in housing. CNBC Africa’s Markets Editor for West Africa Kenneth Igbomor caught up with him to discuss the challenges of getting a mortgage in Nigeria.

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With insecurity in Nigeria who wants to come and buy a house in Nigeria or invest in Nigerian homes. Why cant Nigeria give assistant to first time home buyers to help in the down payment. Like we do in the United States.