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.
