Showing posts with label $300m. Show all posts
Showing posts with label $300m. Show all posts

Wednesday, April 24, 2013

World Bank To Spend $300m For Mortgage Infrastructure In Nigeria



The World Bank is to partner Nigeria to develop a sound mortgage financing structure that would deliver affordable houses to Nigerians.
The multilateral institution is to provide financial access and liquidity to the tune of $300 million to kick start the project.
Banks in the country are to partner government to develop a mortgage vehicle that will manage housing development in Nigeria. Government will, however, have a small share. This fact was disclosed by the Minister of Finance and Coordinating Minster of the Economy Dr. Ngozi Okonjo Iweala.

ST

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