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Tag Archives: NHFP

Three states support FG’s housing scheme for civil servants


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 ...

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CBN expresses concern over Land Use Act

Land Use Act

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 ...

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CBN set to promote Nigeria’s mortgage guarantee scheme


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 ...

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NMRC urges FG to ease bureaucracy in property development


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 ...

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NMRC makes mortgage market accessible for housing affordability

mortgage market

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 ...

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