Nigeria



Nigeria: Statistical Data At-A-Glance
IndicatorDataYearSource
Total population173.62 million2013WDI
Urban population (% of total)46.09% of total2013WDI
GDP, current prices (U.S. dollars)292,028 USD (millions)2013WEO
GDP based on PPP per capita GDP (Current international dollar)2,826.79 USD 2013WEO
Inflation, end of period consumer prices (Percent change)9.71%2013WEO
Average bank deposit rate9.34%2014IFS
Lending rate16.55%2014IFS
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:1,420 USD (millions)2011World Bank
Total amount of home mortgage loans outstanding at the end of year as % of GDP (current).58%2011World Bank
Typical LTV at origination75%2013TrustBond Mortgage Bank
Retail funding (deposits/other)primary2013CAHF
Other secondary2013CAHF
Typical number of days needed for the transfer of title86 days2013Doing Business 2013

About the Editor

The Nigeria Mortgage Refinance Company (NMRC)
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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.