{"id":146295,"date":"2025-09-15T18:56:08","date_gmt":"2025-09-15T18:56:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/146295\/"},"modified":"2025-09-15T18:56:08","modified_gmt":"2025-09-15T18:56:08","slug":"pension-backed-home-ownership-surges-as-rents-squeeze-citizens","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/146295\/","title":{"rendered":"Pension-backed home ownership surges as rents squeeze citizens"},"content":{"rendered":"<p>                            The sharp increase in housing rents across major Nigerian cities such as Lagos, Abuja, and Port-Harcourt has pushed many citizens into hardship, forcing thousands to fall back on their pension savings to secure residential mortgages.<\/p>\n<p>The trend is reflected in the rising demand for pension-backed home ownership provided in the pension Reform Act 2014, which reached an all-time high in the first quarter (Q1) of 2025.<\/p>\n<p>In Q1 of 2025, a total of N39.86 billion was disbursed to 8,408 retirement savings account (RSA) holders as equity contributi<\/p>\n<p>\n                                The sharp increase in housing rents across major Nigerian cities such as Lagos, Abuja, and Port-Harcourt has pushed many citizens into hardship, forcing thousands to fall back on their pension savings to secure residential mortgages.&#13;<br \/>\n&#13;<br \/>\nThe trend is reflected in the rising demand for pension-backed home ownership provided in the pension Reform Act 2014, which reached an all-time high in the first quarter (Q1) of 2025.&#13;<br \/>\n&#13;<br \/>\nIn Q1 of 2025, a total of N39.86 billion was disbursed to 8,408 retirement savings account (RSA) holders as equity contributi                            <\/p>\n","protected":false},"excerpt":{"rendered":"The sharp increase in housing rents across major Nigerian cities such as Lagos, Abuja, and Port-Harcourt has pushed&hellip;\n","protected":false},"author":2,"featured_media":146296,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,133,131,132],"class_list":{"0":"post-146295","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-finance","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/146295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=146295"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/146295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/146296"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=146295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=146295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=146295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}