• FG plans new initiative, targets 300,000 new homes

    FG plans new initiative, targets 300,000 new homes

    According to reports, the Minister of Finance, Kemi Adeosun, has announced plans by the Buhari administration to launch a new housing finance initiative.

     

    Under the proposed scheme, the Federal Government is planning a mortgage system that will catalyse the development of the mortgage market in Nigeria with the provision of single digit interest rate mortgages and longer repayment periods such as 20 years.

    The proposed scheme also aims to provide 300,000 affordable homes supported by mortgages and creates 700,000 new jobs across […]