The President who also expressed his delight that recommendation of the 2011 housing retreat have been
implemented said in this address: “it is instructive that the 300 million the last World Bank facility for the establishment of the mortgage refinance company also include funds dedicated to improving the capacity of the Federal Mortgage Bank of Nigeria and creating a mortgage guarantee scheme to make mortgage financing more accessible to low income earners in this country”.
The President also announced that the National Housing Fund is also part of the administration’s objective to promote openness and accountability in government’s business and management of resources, encourage defaulters to comply with the law and boost contributor’s confidence.
President of the Nigerian Labour congress, Abdulwahed Omar also commended the efforts of the Jonathan administration and the housing sector.
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