The Housing Finance Sector data for Nigeria extends back to 2006. Please click on the Research Center tab above to access data for previous years not shown.

Nigeria: Statistical Data At-A-Glance
Total population182.2 million2015WDI
Urban population (% of total)47.78% of total2015WDI
GDP, current prices (U.S. dollars)490,207 USD (millions)2015WEO
GDP based on PPP per capita GDP (Current international dollar)6,108.41 USD 2015WEO
Inflation, end of period consumer prices (Percent change)9.55%2015WEO
Average bank deposit rate9.15%2015IFS
Lending rate16.85%2015IFS
Owner-occupied units75.4% of total2010EFInA and FinMark Trust
Total amount of home mortgage loans outstanding at the end of year in millions of USD:4,460.12 USD (millions)2015Central Bank of Nigeria
Total amount of home mortgage loans outstanding at the end of year as % of GDP (current).91%2015Central Bank of Nigeria
Typical LTV at origination752015CAHF
Retail funding (deposits/other)primary2015Central Bank of Nigeria
Wholesale funding: loans from other banks or corporationstertiary2015Nigeria Mortgage Refinance Company
Other secondary2015Research
Typical number of days needed for the transfer of title692015WDI

About the Editor

The Nigeria Mortgage Refinance Company (NMRC)

The Nigeria Mortgage Refinance Company (NMRC) is a private sector-driven mortgage refinancing company with the public purpose of promoting home ownership for Nigerians while deepening the primary and secondary mortgage markets. Its vision is to be the dominant housing partner in Nigeria, with a missino to break down barriers to home ownership by providing liquidity, affordability, accessibility and stability to the housing market in Nigeria.