FMBN, REDAN, Shelter Afrique in $2bn pact to finance affordable housing

Concerned about the lingering housing deficit in Nigeria and the cost of funds which has denied many access to credit, the  Federal Mortgage Bank of Nigeria (FMBN) has signed a memorandum of understanding (MoU) with the Real Estate Developers Association (REDAN) and Shelter Afrique aimed to establish a $2-billion affordable housing fund. The fund is…

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