Tag Archives: NHFP

Conceptualised in 2013 as part of government’s initiatives to address the housing needs of civil servants, the Federal Integrated Staff Housing (FISH) programme has since undergone several reviews to overcome initial hurdles in order to accelerate the implementation Notwithstanding concerns over the high cost of the Federal Integrated Staff Housing (FISH) programme, three states have indicated interest to partner the ...

Even as the Central Bank of Nigeria (CBN) has taken some steps towards boosting housing provision, Nigerians are gaining momentum. The 1978 Land Use Act, however, remains a major impediment towards achieving the target. In mid-2017, the CBN launched its Nigerian Housing Finance Programme (NHFP), popularly known as “My Own Home. The scheme, a Public-Private Partnership (PPP) arrangement, is targeted ...

A Pilot feasibility study for the establishment of a mortgage guarantee scheme which provides credit loss protection to lenders in case of borrower default is underway. Tentatively christened Nigeria Mortgage Guarantee Company (NMGC), Central Bank of Nigeria (CBN) is promoting the scheme in collaboration with World Bank and other stakeholder partners under the Nigeria Housing Finance Program (NHFP). The scheme ...

The World Bank and Central Bank of Nigeria (CBN) have initiated collaborations in efforts to review the existing Land Use Act laws and create enabling environment for the mortgage activities to thrive in the country. The move aimed at enhancing housing delivery in the country is coming on the heels of an affirmation that Nigeria has about 16 million housing ...

NIGERIA Mortgage Refinancing Company (NMRC) Monday urged state governors to lighten the process of granting consent to property development. Speaking at a conference on seeking finance for the mortgage in Nigeria which held in Abuja, a director at NMRC, Mrs. Chii Akporji said modern mortgage requires certain steps that state governments need to take in order to create the enabling ...

For the country to attain housing sufficiency, there is the need for the construction of affordable houses and access to adequate funding that will make cheaper mortgages possible. This is because affordability is critical in the quest of citizens to own personal homes with mortgage market. The difficulty in housing affordability, which boils down to financial capacity, has been further ...