Nigeria’s mortgage penetration below 1% of GDP – Report

A recent report by PAC Research indicates that Nigeria's mortgage penetration is currently below 1% of its Gross Domestic Product (GDP). This figure starkly contrasts with mortgage penetration rates in other countries, such as 77% in the United States and 31% in South Africa. The report provides an in-depth analysis of Nigeria's housing ecosystem, highlighting significant challenges and disparities in access to mortgage financing.

Read More