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The land tenure system: which land title for the Nigerian mortgage industry?
No full textThe article examines among issues raised in the 2001 Report of the Presidential Committee on Urban Development and Housing, which made recommendations for the National Housing Policy. ln order to appreciate the kind of land tenure system that is operated in the country, the objective of this paper is to highlight the process and procedure individuals or corporate bodies will have to go through in order to secure finance for building or buying a house. The paper is divided into three sections. Following this introduction, is section two which discusses mortgage loan perfection, while section three appraises the land tenure and housing in the context of the 2001 Report of the Presidential Committee on Urban Development and Housing- Section four concludes the paper
Government expenditure and economic growth in Nigeria: a disaggregated approach.
No full textThe paper represents part of a larger research agenda to assess how fiscal policy influences economic growth in Nigeria. This paper attempts to assess the impact of government expenditure on economic growth in Nigeria by adopting a disaggregated approach to the study. The essence of the study is to determine the components of government expenditure that enhances growth, identify those that do not, and recommend that they should be cut or reduced to a bare minimum. The paper is broadly consistent with literature and it opens new grounds by focusing on the long-run impact of fiscal policy. The analytical framework is based on econometric methodology encompassing, test for stationarity, test for cointegration and the specification of an error correction model. The study found no significant relationship between most of the components of government expenditure and economic growth. The estimation results were mixed, in particular some of the variables were weakly significant. However, it provided important clues to the future direction of research
Agricultural Tariffs of Subsidies: Which Are More Important for Developing Economies? By Bernard Hockman, Francis Ng, and Marcelo Olareaga: a review
No full textThis is a review of the article “Agricultural Tariffs of Subsidies: Which Are More Important for Developing Economies? By Bernard Hockman, Francis Ng, and Marcelo Olareaga which was published in the World Bank Economic Review, Vol.17, No. 2, 2004
Opening address at the in-house seminar on the mortgage industry in Nigeria: issues, challenges and prospects
No full textThis is the opening address by Mrs. O. A. Demuren at the in-house seminar on the mortgage industry in Nigeria: issues, challenges and prospects , for CBN Executive Staff, Bauchi, October 24 - 28, 2005
Keynote address at the in-house seminar on the mortgage industry in Nigeria: issues, challenges and prospects
No full textThis is the keynote address by Dr. Obadiah. Mailafia at the in-house seminar on the mortgage industry in Nigeria: issues, challenges and prospects , for CBN Executive Staff, Bauchi, October 24 - 28, 2005
The Role of the Mortgage Industry in Economic Development
No full textThis article examines the role of the mortgage industry in economic development with a view to identifying its problems, challenges and opportunities. Possible areas of assistance from other stakeholders are also highlighted. The article discussed the evolution of mortgage banking and financing in Nigeria and the demand/market for mortgage sector finance services in Nigeria. It estimates that Nigeria needed N50 billion annually to provide an estimate of 8 million housing units in 2000. The article then examines the Federal Mortgage Bank of Nigeria (FMBN) in the last decade (1990 - 2000) and National Housing Fund (NHF) as well as the FMBN within the New Dispensation and the National Housing Trust Fund (NHTF). The roles and impact of mortgage industry in economic development-comparative global perspective involved the brief examination of country experiences from Hong Kong, Ghana and China. The article further examines the role of mortgage institutions in affordable housing in Nigeria which include: mobilizing deposits from the public; granting loans and advances to individuals and corporate bodies for the acquisition of houses; offering technical advisory services to the public for the purchase and construction of houses; estate development and management services; public enlightenment and awareness on the National Housing Fund (NHF) Scheme; and increased participation in housing development by other financial institutions. The article concludes by enumerating the problems, challenges and opportunities of the Nigerian Mortgage industry
Public policy and industrialization in Nigeria.
No full textThis paper is concerned with evaluation of government policies on industrial development in Nigeria with specific reference to the effects of public policy on Nigeria\u27s industrialization. Following an introduction is section two which examines conceptual and theoretical issues. Section three is the review of public policy in Nigeria. Section four focuses on policy evaluation and comparative analysis of experience of other countries. Section five provides the concluding remarks and recommendations. The paper observes that government has a role to play in the industrialisation process by providing infrastructures; help overcome market failures; assist develop money and capital markets; make economic information, available and formulate sound public policies. Public support for industries should be in form of basic research and establishment of demonstration factories, as well as promote scientific and technological research. Similarly, it should encourage technological acquisition and the learning of technology for the industrial sector to be efficient
Overview of electronic payment systems in Nigeria: Strategic and technical issues.
No full textThe objective of this paper is to provide an overview of electronic payment system as it currently exists in Nigeria, discuss the strategic and technical issues as well as the monetary policy implications of the system, with focus on the needs of consumers. The paper is structured into five sections. Following the introduction, section II discusses the motivation for electronic payment system. Section III presents an overview and development of electronic payment system in Nigeria. Section IV analyzes the various strategic and technical issues in electronic payment systems as well as the monetary policy implications, while section V highlights the policy recommendations and conclusion. The study concluded that, the The Nigerian payment system is largely cash based. While the country lags behind compared with other industrial countries, its use of electronic payment systems is gradually gaining prominence. All major types of e-payments are trading upwards and some new electronic payment instruments are beginning to emerge. Clearly, cheques remain the preferred form of noncash payment in Nigeria. From the consumer\u27s standpoint, cheques possess several attractive features
Special remarks at the in-house seminar on the mortgage industry in Nigeria: issues, challenges and prospects.
No full textThis is the special remarks by Dr. O. J. Nnanna at the in-house seminar on the mortgage industry in Nigeria: issues, challenges and prospects , for CBN Executive Staff, Bauchi, October 24 - 28, 2005
Mortgage institutions and financing in nigeria: performance, constraints and prospects
No full textThe article, mortgage institutions and financing in nigeria: performance, constraints and prospects, reviews the performance of the mortgage institutions in Nigeria. The rest of the paper is divided into four parts. Following this introduction is part 2 that focuses on the evolution of mortgage financing in Nigeria. Part 3 reviews the performance of mortgage institutions, while part 4 highlights the constraints in the sub-sector and the prospects of mortgage financing in Nigeria. Part 5 concludes the paper