Tag Archives: RSA

Plans are underway to allow pension contributors access 25 per cent of savings in their respective Retirement Savings Accounts (RSAs) for mortgage finance. The new arrangement is to enable the federal government close over N16 trillion housing deficit in the country. Vice President Yemi Osinbajo had in November 2018 hinted that Nigeria’s present housing deficit stood at a staggering 20 ...

Couples who have retirement Savings Accounts with Pension Fund Administrators will be allowed to use their savings to apply for joint Savings under the Contributory Pension Scheme. According to a report obtained by newsmen from the National Pension Commission titled: ‘Accessing RSA via residential mortgage option’, the spouses must meet laid down requirements, and will start accessing the loans when ...

Following plans to introduce a public private partnership scheme that seeks to increase access to housing finance, the Central Bank of Nigeria (CBN) has selected 34 primary mortgage banks and 4 commercial banks to stimulate housing finance for low-income earners in the formal and informal sectors. The banks will join nine other micro finance banks in the ‘My Own Home’ scheme, ...