The Federal Government has disclosed plans to raise a fund worth N1 trillion, in conjunction with private investors, to finance mortgages for low-income earners, under the social housing programme of the present administration.
Vice President Yemi Osinbajo made this disclosure at the 22nd Nigeria Economic Summit in Abuja. He said it is a financial intervention fund, to be named Family Homes Fund, that would be generated by aggregating funds from the private sector, local and international investors.
“It’s actually a financial intervention fund. Already we are trying to aggregate funds from the private sector, local and international investors,” he said. Read more