By Omoniyi David
The Nigerian Institute of Quantity Surveyors (NIQS), has warned that entrenched corruption in Nigeria’s housing and financial sectors is undermining the mortgage system, putting homeownership out of reach for average citizens.
At a Lagos press briefing marking NIQS’s golden jubilee, General Secretary Azeez Ayodabo urged the Federal Government to review mortgage policies to make them inclusive and reflective of citizens’ income levels.
He said current schemes favour the wealthy, while corruption and lack of public awareness prevent many Nigerians from accessing long-term mortgage facilities.
Ayodabo highlighted the role of quantity surveyors in ensuring transparency, accountability, and quality in housing projects, noting that developers often sideline them, leading to waste and substandard work.
