Millions of Nigerians want to own the homes they live in, but they
cannot afford to pay 30% of the asking price up front. They also have to
pay as much as 25% interest on the loan they take. In many cases, the
money has to be paid back as soon as 5 to 10 years. Cheaper houses are
not being built, because banks won't finance them. That means 16
million homes need to be built in Nigeria just to meet demand. But only
50,000 are being constructed each year.