AN EVALUATION OF LENDING POLICY OF FEDERAL MORTGAGE BANK OF NIGERIA

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dc.contributor.authorI KRAI IIM, YUSUF,
dc.contributor.authorALHAJI
dc.date.accessioned2014-02-06T10:53:09Z
dc.date.available2014-02-06T10:53:09Z
dc.date.issued1999-07
dc.descriptionBEING A THESIS SUBMITTED TO THE POST GRADUATE SCHOOL, AHMADU BELLO UNIVERSITY, ZARIAen_US
dc.description.abstractABSTRACT Lending Policy of Federal Mortgage Bank of Nigeria (FMBN) is one of the major areas of interest in mortgage financing and which most people and institutions are interested in. The reason being that the formation of the housing finance system extend beyond the mere provision of loans, its function have micro-economic implications. Since finance is catalytic, its potential effectiveness within the context of a housing sector policy is conditioned by certain variables such as:- a. The priority of housing within the overall economic system; b. The availability of funds at the appropriate terms c. Institutional organization for the mobilization and allocation of finance for housing. d. Income distribution profile of the population e. Price of housing services and regulatory standards for planning and development. The policies evolved by the Federal Mortgage Bank of Nigeria is the basis of this research. In order to arrive at conclusion from this presentation financial data which relate to the loan portfolio of the bank were analyzed. The data include : the amount of applications made to FMBN since its inception in 1977, the amount of loans approved and the amount of disbursement made to the potential applicants. Using coefficient of determination and simple percentages as instruments of analysis, the results shows that: 1. The housing finance system in Nigeria is characterized by a general shortage of long term funds. 2. Government patronage of the housing finance system is needed and is indispensable for providing the housing finance services affordable to the majority. is 3. Sector policy must have to be in reality of available resources. Population growth and urbanization are crucial determinants of housing demand pressure. 4. The sector policy should aim at meeting the fewer needs of many. 5. Complimentary funding from private sector sources would have to be induced in the medium to long-term to develop new financing instruments. The result of this study shows governments interest in this matter with the introduction of various policies on housing.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/435
dc.language.isoenen_US
dc.subjectEVALUATION,en_US
dc.subjectLENDING,en_US
dc.subjectPOLICY,en_US
dc.subjectFEDERAL,en_US
dc.subjectMORTGAGE,en_US
dc.subjectBANK,en_US
dc.subjectNIGERIAen_US
dc.titleAN EVALUATION OF LENDING POLICY OF FEDERAL MORTGAGE BANK OF NIGERIAen_US
dc.typeThesisen_US
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