Nigeria: New-Look NHF - A Mortgage Bridge Too Far for Primary Institutions?

Lagos — The secondary mortgage sector operator, the Federal Mortgage Bank of Nigeria (FMBN), has always been under intense criticisms, no thanks to the nation's stuttering housing finance system. The supposedly achieve-it-all mechanism - the National Housing Fund (NHF) - has, to say the least, done little to alleviate the housing access - as well as shortage.

No wonder, successive FMBN leaderships had devised a number of strategies to address inherent setbacks. The current management seems to have taken up from where the last - headed by Alhaji Tanimu Yakubu who is now the Chief Economic Adviser to the Presidency - left off.

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