May 21, 2018

FG to provide mortgage support for low-income earners

FG to provide mortgage support for low-income earners

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

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