Mortgage Financing Policies and Post-Retirement Prosperity of Civil Servants in Nigeria

• Post by: birpo
• March 7, 2026
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Onuchukwu, Chukwudi Christian ¹ & Prof. Oliver I. Inyiama ²

Abstract         

This study examined mortgage financing policies and post-retirement prosperity of civil servants in Nigeria. The primary purpose is to investigate how mortgage financing policies influence retirees’ financial well-being, with specific objectives to: (i) examine the effect of mortgage financing policies on the post-retirement prosperity of civil servants in Nigeria, (ii) evaluate the impact of mortgage repayment terms on the post-retirement prosperity of civil servants in Nigeria, and (iii) assess the influence of access to mortgage finance on the post-retirement prosperity of civil servants in Nigeria. Using data collected from 57 retired civil servants, multiple linear regression analysis was conducted to explore the relationships between mortgage policies, repayment terms, and access to mortgage finance on post-retirement prosperity, measured by a Prosperity Index. The results show that mortgage policies (β = -0.436, p < 0.001) and repayment terms (β = -0.243, p = 0.019) negatively affect post-retirement prosperity, while access to mortgage finance (β = 1.029, p < 0.001) has a strong positive effect. The model explains approximately 99.3% of the variance in post-retirement prosperity (R² = 0.993), indicating a robust relationship. These findings imply that restrictive mortgage policies and unfavorable repayment terms hinder retirees’ financial well-being, whereas improved access to mortgage finance enhances economic security after retirement. The study concludes that reforming mortgage frameworks to increase accessibility and affordability is critical for improving the financial stability of retired civil servants in Nigeria. It recommends that policymakers and financial institutions focus on creating favorable mortgage terms and expanding access to support sustainable post-retirement prosperity.

Keywords: Mortgage Financing Policies, Post-Retirement Prosperity, Mortgage Repayment Terms, Access to Mortgage Finance, Civil Servants in Nigeria.