The practice of mortgage has continued to enjoy universal acclaim over time. The situation in Nigeria even calls for more formidable measures in that regard given our overall economic situation and endowment. The current global economic meltdown lends even more credence to this matter. This paper has delved into mortgage practice in Nigeria and has found it quite credible and desirable as a sure means of moving our economy to the next level. It is important that necessary efforts should be made to ensure that the various bottlenecks hindering mortgage practice in our country are to as much extent as possible nipped in the bud. There is crucial need to align the Nigerian nation with other prosperous nations of the world mortgage-wise as a reliable avenue of invigorating our business sector and correspondingly bettering the living standards of Nigerians.
Ozigbo et al. (Wed,) studied this question.