Modestus Anaesoronye
The sharp increase in housing rents across major Nigerian cities such as Lagos, Abuja, and Port-Harcourt has pushed many citizens into hardship, forcing thousands to fall back on their pension savings to secure residential mortgages.
The trend is reflected in the rising demand for pension-backed home ownership provided in the pension Reform Act 2014, which reached an all-time high in the first quarter (Q1) of 2025.
In Q1 of 2025, a total of N39.86 billion was disbursed to 8,408 retirement savings account (RSA) holders as equity contributi
The sharp increase in housing rents across major Nigerian cities such as Lagos, Abuja, and Port-Harcourt has pushed many citizens into hardship, forcing thousands to fall back on their pension savings to secure residential mortgages.
The trend is reflected in the rising demand for pension-backed home ownership provided in the pension Reform Act 2014, which reached an all-time high in the first quarter (Q1) of 2025.
In Q1 of 2025, a total of N39.86 billion was disbursed to 8,408 retirement savings account (RSA) holders as equity contributi
Source: Businessday.ng | Read the Full Story…
