Nigeria's Acting President Yemi Osinbajo recently announced that Nigerians will be able to own a home soon for as low as N30,000. [see here]
In a statement released by the office of the Acting President, Osinbajo explained that "the Family Home Fund of our Social Housing Programme will provide inexpensive mortgages for low-income individuals and families across the country."
In a statement released by the office of the Acting President, Osinbajo explained that "the Family Home Fund of our Social Housing Programme will provide inexpensive mortgages for low-income individuals and families across the country."
"Both the World Bank and AFDB are contributors to the fund from which developers will borrow 80% of cost of project and counter fund with their own 20%.’’
Prof. Osinbajo added that ``the same fund will enable us to provide inexpensive mortgages for hundreds of thousands across the country especially for Nigerians who can afford N30, 000 per month.’’
Some of the houses are estimated to cost as low as N2.5 million, which would be paid for through the monthly mortgages.
He said: "we expect that this Family Housing Fund will jumpstart and expand construction exponentially across the country.’’
Prof. Osinbajo added that ``the same fund will enable us to provide inexpensive mortgages for hundreds of thousands across the country especially for Nigerians who can afford N30, 000 per month.’’
Some of the houses are estimated to cost as low as N2.5 million, which would be paid for through the monthly mortgages.
He said: "we expect that this Family Housing Fund will jumpstart and expand construction exponentially across the country.’’
FG Releases Details of how to Benefit from the N30,000 Homes Announced by Osinbajo
![FG Releases Details of how to Benefit from the N30,000 Homes Announced by Osinbajo]()
Reviewed by getitrightnigerians
on
07:11:00
Rating:
No comments:
Take advantage of our blog traffic and promote your product to millions of viewers.
For advert placements and other Enquiries, kindly send us a mail at getitrightnigerians@gmail.com or call 08025707646, 07031338542
Visit the Play stores to Download our mobile app and stay up -to-date.