Project Name:
- Nigeria Mortgage Refinancing Company
Project Sector:
- Financial Service
Project Sponsors:
- Federal Ministry of Finance
Commencement Date / Closure Date / Completion Date
- February 18, 2015 (licensing date)
Project Location (Region or State):
- Lagos
Project Description:
- The Nigeria Mortgage Refinance Company (NMRC) is a private sector-driven mortgage refinancing company, with the public purpose of developing the primary and secondary mortgage markets, to provide accessible and affordable housing in Nigeria.
Benefits / Impact (Social, Economic & Others):
- promote affordable house ownership in Nigeria and unlock its multiplier effects on the Nigerian economy
- NMRC contributes to a better alignment of the Housing Finance Programme
Project Cost / Size:
- NA
Funding structure:
- Equity
NSIA’s interest:
- US$10 million (20.91%)
Partners:
- Ministry of Finance Incorporated
- Primary Mortgage Banks