Capital Market Holds Key To Delivering 500,000 Housing Units Annually – Mac-Yoroki

A former president of the Mortgage Banking Association of Nigeria (MBAN), Ebilate Mac-Yoroki, has said Nigeria can achieve an annual housing delivery target of 500,000 units by leveraging the capital market to mobilise long-term institutional funding.
Mac-Yoroki, who is also chairman of CityCode Mortgage Bank Limited, stated this in a position paper addressed to stakeholders in Nigeria’s housing, capital markets and real estate sectors.
He identified capital mismatch and information asymmetry as major structural challenges limiting housing development in the country, arguing that achieving the housing target would require a shift from traditional budgetary allocations to a market-driv...