n Journal of Emerging Trends in Economics and Management Sciences - Evaluation of the performance of national housing fund scheme towards housing delivery in Nigeria

Volume 2, Issue 6
  • ISSN : 2141-7024
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Housing which is considered as one of the three most important basic needs of mankind has not been adequate for the citizenry right from the independence in 1960 till date. Finance has been fingered as one of the predicaments towards its actualization because housing provision requires huge capital outlay. The study considered National Housing Fund scheme relative to the number of contributors and accessibility of the fund. Data were obtained from the Federal Mortgage Bank of Nigeria which is the apex bank for mortgage institutions. The study reveals that the Primary Mortgage Institutions are not adequate in number, there is wide difference between the amount the mortgagors actually applied for and the amount approved in the provision of housing and recommended that enabling environment must be created for existing PMIs and allow for emergence of new ones, reduction in the wide margin between amount applied for and approved so as to allow for full utilization of the contributors money.

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