Nigeria: Govt in Talks With AfDB, World Bank to Raise N800 Million for Mass Housing

18 December 2018

The Federal Government has commenced negotiation with the African Development Bank AfDB, the World Bank and other financial institutions with a view to raising over N800 million to fund the construction of affordable housing for Nigerians.

The fund is being negotiated under the Family Home Funds FMF, which is a housing investment fund owned by the Sovereign Wealth Fund and the Ministry of Finance. The housing scheme was set up primarily to finance housing for Nigerians who are low income earners.

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