Leading the discourse, the Centre for Affordable Housing Finance Africa, said there is an estimated $100 billion worth of trapped capital in land that cannot reach access to financing in Nigeria.
According to him , a project-focused and real estate crowd funding platform like Million Homes, initiated by Lifepage, allows subscribers to make gains in cash and/or assets, while the capital sum is still intact. Regretting the present state of mortgage system in Nigeria, Clement urged government to avoid creating policies that stifle businesses, but encourage citizens to get acceptable and affordable housing especially those at bottom of the pyramid, who constitute more than 50 per cent of the nation’s housing needs.
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Source: GuardianNigeria - 🏆 1. / 94 Read more »