Nigerians Can Now Own Houses With N30,000 -Osinbanjo
Acting President Yemi Osinbajo says under the N100 billion social housing scheme of the present administration, anyone who can afford N30,000 will be able to own a house. He said this at the Banquet Hall of the Presidential Villa in Abuja on Monday at an event tagged "A Smile for Every Nigerian" organised to commemorate the administration's second anniversary. The acting president explained that the housing scheme was part of the administration's social intervention programme that had not been mentioned. He said: "This is 100bn set aside for the Family Home Fund our Social Housing Project. The 100b is a yearly contribution to our N1trn Social Housing Fund, the largest in the history of the country. The World Bank and the African Development Bank are contributors to the Fund. From this Fund, developers will borrow 80% of the cost of project and counter fund with their own 20%. "The same fund will enable us to provide inexpensive mor...