FG PLANS N712BN MORTGAGE TO FUND 100,000 HOUSES
August 2, 2022
The federal government has said it is working to increase mortgages provided to contributors under the national housing fund to the tune of N712bn for the financing of about 100,000 housing units across the country.
The government which said this at the inaugural board and management retreat of the federal mortgage bank of Nigeria in Abuja, says efforts are on to deliver one million affordable homes to Nigerians under the national housing programme.
The chairman, board of directors, FMNB, Ayodeji Gbeleyi, says the bank’s board had approved a strategy plan that would increase the amount of mortgages to be provided for the construction of houses for Nigerians.