FG assures Nigerians in diaspora of safer visits
The Federal Government has assured Nigerians living abroad that it is intensifying efforts to address security challenges across the country read more FG assures Nigerians in diaspora of safer visits
In Nigeria, there is a significant housing deficit of over 15 million units, requiring an estimated N5 trillion to bridge the gap. This has spurred the federal government to launch various housing initiatives; however, the demand remains high due to factors such as high inflation and increased costs of importing building materials.
Recently, the Federal Mortgage Bank of Nigeria (FMBN) introduced the Diaspora Mortgage Loan in London, United Kingdom, which aims to assist eligible Nigerians living abroad to access mortgage financing for residential properties in Nigeria. The initiative is being developed in collaboration with Nigerians in Diaspora Commission (NiDCOM) and with technical and regulatory assistance from the Central Bank of Nigeria.
This move is part of FMBN's broader strategy to expand access to homeownership for Nigerians, both domestically and internationally, by creating a secure, transparent, and sustainable pathway to homeownership in Nigeria.
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- What to know about diaspora mortgage loan for Nigerians dailytrust.com
