Portfolio

Nigeria Mortgage Refinancing Company

Project Details

Sector

Financial Market Infrastructure

Participants

NSIA
FMF

Commencement Date

2015-02-18

States
Lagos

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.

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.

PARTNERS

How the fund is invested

NA

Project Cost / Size:

US$10 million (20.91%)

NSIA’s interest:

Equity

Funding structure

15

Investment areas

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