Affordable Housing: FG, States harp on single-digit mortgage, longer repayment
The permanent secretary said: “Delivery of adequate and affordable housing requires more than physical construction, but an efficient land administration framework, accessible housing finance, effective institutions, appropriate policies and strong coordination among federal, state governments and the private sector.
The federal government, in collaboration with state governments, has initiated modalities to ease and strengthen mortgage and land systems for accelerated and inclusive housing delivery in Nigeria.
In his speech, the Director, Planning, Research and Statistics, Federal Ministry of Housing and Urban Development, Mukhtar Umar, said this year’s meeting provides a critical platform to examine challenges affecting the housing sector and develop practical solutions to improve housing delivery across the country.
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