34 years on, Nigeria’s housing fund collects billions but delivers few mortgages

BusinessDay | 07-09-2026 04:58pm |

Nigeria's National Housing Fund, established 34 years ago, has accumulated billions of naira from workers' contributions, yet it has delivered only a limited number of mortgages. Beneficiaries continue to face difficulties accessing housing loans despite the fund's substantial collections. The disparity between funds collected and mortgages disbursed highlights persistent challenges in the country's housing finance system.

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