Listen to ABR

Africa's Richest Man Says Mortgage Financing Could Help to Fight Corruption in Nigeria

Aug 15, 2019 03:26 PM
Africa's Richest Man Says Mortgage Financing Could Help to Fight Corruption in Nigeria Africa Business Radio, Africa Business News, Aliko Dangote, Nigeria, Mortgage Finance, Poverty, APC


Africa’s richest man and the President of the Dangote Group, Alhaji Aliko Dangote has called for the need to adopt proper mortgage financing and consumer credit in Nigeria. According to him, the availability of these is important in tackling corruption, alleviating the sufferings of people and reducing the hardship encountered by buyers when purchasing goods in the country. He was speaking during a visit to Mr. Bola Ahmed Tinubu, Dangote said, “ I believe what will help us the most is mortgage financing or consumer credit. Most people go into corruption because they are worried about how to get a roof over their head, or how to buy furniture because we live in a society where everything you’re buying you pay cash.” The business tycoon had previously stressed the need for the Central Bank of Nigeria (CBN) and commercial banks to develop consumer credit products in order to encourage low income earners to engage more in loan taking. 


Get the latest headlines and unique ABR stories, sent every weekday.

BCX Brand Positioning-Awake Online_Voice-300x250-12-2019-Tracking Ad-BUS01034

Upcoming Events

Wed 17

ABR social sensitization on HIV & AIDs

Jul 17 @ 07 AM - Jul 24 @ 05 AM

Job Listing

Software Developer

Google
2019-07-31
×

Newscast

News Updates

  • Coronavirus: Car sales in China fall 92%

  • China reports 118 more deaths, South Korea cases spike to cross 150

  • Looted funds will be recovered, says Cyril Ramaphosa

  • Lesotho: Prime Minister Thabane to be Charged with Murder

  • NCS, FOU Intercept Contrabands in Gas Cylinders

  • CBN Returns over N60bn Excess Bank Charges to Customers

  • Accountant General, Customs CG clash over N28bn unremitted fund

  • China cuts benchmark lending rates amid coronavirus outbreak

  • Ideal Finance collapse: EOCO pursues Nii Kotei Dzani for more assets and accounts

  • Disastrous loan may cost the PIC R1.4bn