ABSTRACT
This is a research on Mortgage Banking in Nigerian Economic Development Programmes.
The research sorted to know for the existence of mortgage banking has been fact by the people and to the extent their objectives has been achieved.
In carrying out this research the researches made us of oral interested and questionnaire and the finding infere that mortgage bank it towards the economic development has been felt through many areas of their promotional activities such as loan advancement home and house renovators and refurbishment etc.
Therefore, it was this base that mortgage banking has been appreciated by the greatly achieved.
INTRODUCTION
FEDERAL MORTGAGE BANK OF NIGERIA (FMB)
Housing is one of the Importance factors that determine Urban forms and constitutes the single most serious problem facing large cities in Nigeria today.
In the 1950s and 1960s, the need to finance housing in Nigeria remained so small mainly because of low urbanization level. The byoyancy of the Nigeria economy in the 1970s and the uneven spatial distribution of industrial development accelerated the rate of urbanization in Nigeria. The heretherto uncontrolled and unplanned urbanization resulted in housing shortages in qualitative and quantitative forms. There existed today a yawning gap between the demand and supply of decent accommodation. The consequence of excess demand over supply, was high rent, and the growth of informal rationing system which discriminated against the poor to the extent that over half of the urban population in Nigeria live in slump against this background and considering the fact that housing provides the physical frame work in which man’s human, social, economic and cultural resources are realized, entrenched and integrated, it becomes obvious that adequate housing deserved great attention.
In realization of the importance attached to housing the federal government of Nigeria established the Federal Mortgage Bank of Nigeria in the year 1977 as a successor to Nigeria Building society established in the year 1956.
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2014, 10). The Impact Of Mortgage Banking In Nigerians Economic Development Programmes... ProjectStoc.com. Retrieved 10, 2014, from https://projectstoc.com/read/3844/the-impact-of-mortgage-banking-in-nigerians-economic-development-programmes-1400
"The Impact Of Mortgage Banking In Nigerians Economic Development Programmes.." ProjectStoc.com. 10 2014. 2014. 10 2014 <https://projectstoc.com/read/3844/the-impact-of-mortgage-banking-in-nigerians-economic-development-programmes-1400>.
"The Impact Of Mortgage Banking In Nigerians Economic Development Programmes..." ProjectStoc.com. ProjectStoc.com, 10 2014. Web. 10 2014. <https://projectstoc.com/read/3844/the-impact-of-mortgage-banking-in-nigerians-economic-development-programmes-1400>.
"The Impact Of Mortgage Banking In Nigerians Economic Development Programmes..." ProjectStoc.com. 10, 2014. Accessed 10, 2014. https://projectstoc.com/read/3844/the-impact-of-mortgage-banking-in-nigerians-economic-development-programmes-1400.
- Related Works
- The Impact Of Organizational Structure Of Commercial Banks On Efficient Customer Service In Nigeria
- Monetary Policy Implementation By Central Bank Of Nigeria
- “the Impact Of Central Bank Of Nigeria Prudential Guidelines On The Financial Statement Of Licensed: A Case Study Of First Bank Of Nigeria Plc And Union Bank Of Nigeria Plc
- The Effects Of Micro- Economic Policies On The Nigeria Financial Sector (a Critical Appraisal)
- Financial Distress In Some Commercial Banks In Nigeria, Reasons, Issues, Consequences And Solution. (a Case Study Of Union Bank Nigeria Plc)
- Impact On Profitability Of Commercial Bank In Nigeria Of Interest Rate Deregulation A Case Study Of Union Bank Of Nigeria
- The Role Of Nigeria Agricultural Co-operative And Rural Development Bank On Nigeria Economy
- The Role Of Commercial Banks In A Depressed Economy
- The Problems In The Practice Of Standard Costing And Budgetary Control System In The Manufacturing Firm,. A Case Study Of Flourier Nig
- Credit Management And Bank Lending (a Case Study Of Hallmark Bank Ltd In Nigerian)