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

by | April 18, 2017 12:31 am

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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