Critical Appraisal of Mortgage Finance in Nigeria (A Case Study of Federal Mortgage Bank of Nigeria Ilorin Branch)

TABLE OF CONTENTS

Title page                                                                      i

Certification                                                                  ii

Dedication                                                                     iii

Acknowledgement                                                         iv-v

Table of content                                                            vi-vii

CHAPTER ONE

1.0      Introduction                                                         1

1.1      Objective of the study                                          3

1.2      Hypothesis formulation                                       6

1.3      Limitation of the study                                        8

1.4      Organization and plan of the study                    9

CHAPTER TWO

2.1      Literature Review                                                 11

2.2      Need for housing finance                                     14

2.3      Factors hindering mortgage finance in Nigeria   17

2.4      Roles of state housing development authority in housing finance                                                19

2.5      Effect of economic recession in the country on the operation of FMBN.                                              21

CHAPTER THREE

3.0    Research methodology                                         24

3.1    Introduction                                                         24

3.2    Method of collection information                         24

3.3    Research population and sample                        25

3.4    Historical Background of federal mortgage bank of Nigeria (FMBN).                                                    26

3.5    The roles of PMIS is solving Housing                  28

3.6    Loan administration of FMBN                             30

CHAPTER FOUR

4.0      Data analysis and presentation                          32

4.1      Introduction                                                         32

4.2      Data Analysis                                                       32

4.3      Respondents by variables                                    35

4.4      Analysis of Research Questions                          41

 

CHAPTER FIVE

5.0      Summary, Conclusion and Recommendation    47

5.1      Summary                                                             47

5.2      Conclusion                                                           48

5.3      Recommendation                                                 50

References

CHAPTER ONE

1.0   GENERAL INTRODUCTION    

        Since the creation of man, he has been faced with three basic problems via: Food, Shelter and clothing. Man in an attempt to solve these problems has undergone serious of trials to which no end is tat sight. The problem of food is still the problem of mankind. The problem of shelter and clothing is still paramount to any given society. Shelter is universally accepted, as essential human needs that man cannot do without. Some people rank it second to food in the hierarchy of man’s needs. The shelter is also paramount in the mind of every man that he is prepaid to give up other needs to have one, having one at least is seen and rightly too as a mission accomplished. In the bid to solve these problems, more and more problems are being encountered.