‘25 million Africans need affordable houses’

The Managing Director of the Nigeria Mortgage Refinance Company, (NMRC), Charles Inyangete, has said Africa needs 25 million affordable housing. Mr Inyangete who made the remark during a press conference organized by the Nigeria Refinance Company (NMRC) in conjunction with African Union for Housing Finance (AUFH), in Abuja said that millions of Africans live in […]

The Managing Director of the Nigeria Mortgage Refinance Company, (NMRC), Charles Inyangete, has said Africa needs 25 million affordable housing.
Mr Inyangete who made the remark during a press conference organized by the Nigeria Refinance Company (NMRC) in conjunction with African Union for Housing Finance (AUFH), in Abuja said that millions of Africans live in substandard houses.
“African countries like Nigeria, Egypt, Kenya and South Africa need 25 million affordable housing”, he said.
But he said too high price of housing was the major challenge for providing access to affordable housing in Africa.
According to him, this obstacle created inequality of affordable housing in Africa.
He therefore said that they must find lasting solutions to providing access to sustainable affordable housing in the country.
According to him, the Nigeria Mortgage Refinance Company (NMRC) has been responding to its vision to be the dominant housing partner in the country.
He said they would achieve this vision through providing liquidity and access to affordable housing finance in the country.
He said Nigeria Mortgage Refinance Company (NMRC) has put all the necessary machinery in place to ensure that Nigerians get affordable housing.