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NATIONAL HOUSING FUND
The Federal Mortgage Bank of Nigeria (FMBN) has revealed it has disbursed N440 billion and delivered approximately 39,000 new homes under the National Housing Fund (NHF) scheme since its re-establishment in 1993.
Mr Babatunde Fashola, the Minister of Works and Housing has said that one of the major obstacles to housing delivery in Nigeria is access to mortgage finance.
The FMBN has explained the reasons for the inconsistencies in the accounts of the NHF for workers or subscribers to the funds.
FMBN has revealed that the National Housing Fund (NHF) has increased by N294 billion as additional contributions within the last 5 years.
The Federal Government has announced plans to launch a dedicated web portal for the sale of buildings to Nigerians in the next few weeks.
The FG has inaugurated its first estate under the National Housing Fund (NHF) Loan Scheme in Lagos.
Development of Affordable Homes Presents a Crucial Opportunity
The Managing Director and Chief Executive Officer, Infinity Trust Mortgage Bank Plc, Dr. Olabanjo Obaleye, has said that the mortgage industry is faced with several bottlenecks that need the urgent attention of the..
The revised National Housing Fund Law, which was recently passed by the National Assembly, could lead to elevated costs for several businesses in the country.
The Personal Income Tax Act was amended in June, 2011, to address some of the issues with the previous act.