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Critical Appraisal Of Mortgage Finance In Nigeria
[A CASE STUDY OF FEDERAL MORTGAGE BANK OF NIGERIA ILORIN BRANCH]
CHAPTER ONE -- [Total Page(s) 2]
Page 2 of 2
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It is the intention of research work to study the following:
i. The effect on loan repayment with regards is the unfavorable economic condition of our economy
ii. To appraise the operations of then federal mortgage bank of Nigeria in order to know whether there is nay operational Nigeria in order to know whether there is any operational charge in loan disbursement since inception.
iii. To appraise the need of mortgage finance and favourable conditions of the federal mortgage of Nigeria.
1.2 HYPOTHESIS FORMULATIONS
Based on the complexity of our economic society historical background and interactive review three hypotheses will be derived and tested alternatively by the study.
Ho: The contribution of housing by FMBN is not well known to the people
Hi: The contribution of housing by FMBN is well known to the people
Decision rule: Accept Ho and reject Hi, if calculated value is greater than tabulated value.
Hypothesis II
Ho: The terms of mortgage loan by FMBN is not suitable to it customers
Hi: The terms of mortgage loan by FMBN is suitable to its customers.
Decision rule: if the calculated value is less than the tabulated value, accept Ho and reject Hi.
Hypothesis III
Ho: Disbursement of mortgage loans has no impact on mortgage in Nigeria.
Hi: Disbursement of mortgage loans had impact on mortgage finance in Nigeria.
Decision rule: if the calculated value is less than the tabulated value accept the null hypothesis and reject the alternative hypothesis.
1.3 LIMITATION OF THE STUDY
Due to non-availability of data and other costs involved in a research of this nature, if of interest to limit this study on the structural and operational aspect of the mortgage bank of Nigeria.
Particularly attention will be paid to mortgage loans advance, to customers and the effect of the economic condition of Nigeria on repayment, the federal mortgage bank of repayment, the federal mortgage bank of Nigeria. Was chosen as the case study, due to the scope and dimension of its operation and its long range of contribution to the economic development.
It is of interest to note that prevalent government policies of privatization and commercialization and temporary closure of parastatals thus threatening job efficient and productivity.
The former problem would be tacked by making do with available statistics from the records of the FMBN while the letter would be dealt with by critical examination of the decree itself.
1.4 ORGANIZATION AND PLAN OF THE STUDY
This research will has been divided into five chapter one deals with the introduction and other peripherals of the research.
Chapter two reviewed the existing literatures in the banking industries to know the evolution of government intervention in the sector and the reason for the intervention.
Chapter these focused in the research methodology the source of data collection method of collecting information the data presentation and analysis, method of testing hypothesis and the questionnaires.
Chapter four deals with the historical background of FMBN, the organizational structure of FMBN, role of FMBN in solving housing problems in Nigeria and then loan administration of FMBN.
Chapter five contains the summary, conclusion and recommendations.
CHAPTER ONE -- [Total Page(s) 2]
Page 2 of 2
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