{
  "id": 14264832,
  "title": "Housing Reforms Must Also Address Construction Finance, Says Mixta Africa",
  "url": "https://urgent.news/2026/10/13/housing-reforms-must-also-address-construction-finance-says-mixta-14264832",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-13T13:38:49.000Z",
  "source": {
    "name": "Daily Trust",
    "slug": "daily-trust",
    "url": "https://dailytrust.com/housing-reforms-must-also-address-construction-finance-says-mixta-africa/"
  },
  "original_language": "en",
  "account": "Mixta Africa has urged Nigeria's proposed National Housing and Built Environment Regulation Policy and National Mortgage Industry Policy to be backed by a solid construction finance framework. Group Chief Commercial Officer Adetola Akinsulire noted on CNBC Africa's Closing Bell West Africa that while regulation and access to buyer finance address two of the sector's three key constraints, construction finance is still lacking. The reforms come after the Federal Ministry of Housing and Urban Development reported real estate and construction contributed over N77 trillion to Nigeria's economy in 2025, despite the absence of a unified regulatory framework. Proposed reforms include developer registration, escrow protection, land value management, construction quality, urban renewal, a Housing Finance Authority, and a structured diaspora investment window. Akinsulire emphasized that the success of the reforms should be measured by three outcomes: trust, finance, and access to construction finance. He welcomed the potential of the National Housing Data Observatory for improved transparency and market intelligence but cautioned that better data alone won't boost housing supply. Akinsulire argued that affordability should be considered in terms of the payment duration, not just the property price. Nigeria's mortgage-to-GDP ratio remains low compared to other countries, indicating a significant gap in mortgage market depth. Mixta Africa is developing starter homes to meet mass market needs, and the proposed diaspora investment window could be a quick win given existing demand from Nigerians abroad. The company stressed that escrow releases should be tied to independent construction milestones, and buyer protection must go hand-in-hand with sustainable construction finance to ensure credible developers can deliver housing at scale.",
  "summary": "Mixta Africa has called for Nigeria’s proposed National Housing and Built Environment Regulation Policy and National Mortgage Industry Policy to be supported by a credible construction finance framework, warning that regulation and improved access to buyer finance alone will not close the country’s housing deficit. Speaking on CNBC Africa’s Closing Bell West Africa, Group Chief […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "This Day",
        "title": "Housing Reforms Must Also Address Construction Finance, Says Mixta Africa",
        "url": "https://urgent.news/2026/10/13/housing-reforms-must-also-address-construction-finance-says-mixta",
        "published": "2026-10-13T13:24:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}