FG Unveils Affordable Homeownership Mortgage Fund - Politics

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FG Unveils Affordable Homeownership Mortgage Fund - Politics - Nairaland

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FG Unveils Affordable Homeownership Mortgage Fund by TouchNfollow(f): 1:51pm On Sep 11

FG unveils affordable homeownership mortgage fund unveils affordable homeownership mortgage fund

The Ministry of Finance on Tuesday unveiled plans for a market-driven mortgage fund aimed at expanding access to affordable homeownership in Nigeria.

Spearheaded by the Minister of Finance, Mr. Wale Edun, the initiative is part of the One Million Homes Presidential Initiative.

The fund, known as the Ministry of Finance Incorporated Real Estate Investment Fund, is designed to provide low-cost mortgage options, particularly for pension account holders, enabling a broader segment of the population to own homes.

Edun emphasised the potential of the fund “to provide cost-effective mortgage options for a large segment of pension account holders.”

He also highlighted the significance of the meeting as a platform for open dialogue, enabling key stakeholders to exchange ideas and contribute to the initiative’s success.

The CEO of the Ministry of Finance Incorporated, Dr. Armstrong Takang, further elaborated, noting that “the MREIF is designed to be market-driven while adhering to all regulatory standards.”

The high-level meeting, held at the Ministry’s headquarters, brought together key stakeholders from the pension and financial sectors, including representatives from ARM Pensions, FCMB Pensions, Trustfund, and NUPEMCO.

Discussions during the meeting centred on shaping the future of the fund and promoting economic growth through a robust real estate sector.

Among the prominent leaders in attendance were, Accountant General of the Federation, Dr. Oluwatoyin Maiden; Wale Odutola of ARM Pensions, CEO of STC Trustees, Funmi Ekundayo; Co-Coordinator of MREIF, Sani Yakubu, and others from institutions like PAL Pensions, Vetiva Advisory, and Access Pensions.

https://punchng.com/fg-unveils-affordable-homeownership-mortgage-fund/

6 Likes 1 Share

Re: FG Unveils Affordable Homeownership Mortgage Fund by trutharena: 2:03pm On Sep 11

This is a welcome development.

38 Likes 4 Shares

Re: FG Unveils Affordable Homeownership Mortgage Fund by Shadomaan7: 2:03pm On Sep 11

Wonderful. Good news after another

38 Likes 2 Shares

Re: FG Unveils Affordable Homeownership Mortgage Fund by alienvirus: 2:53pm On Sep 11

Good one. I hope it can made available to everyone

4 Likes 4 Shares

Re: FG Unveils Affordable Homeownership Mortgage Fund by Apologize(m): 2:53pm On Sep 11

All scam

32 Likes 2 Shares

Re: FG Unveils Affordable Homeownership Mortgage Fund by fuckJones(f): 2:53pm On Sep 11

lovely, don't forget Wike is bigger than PDP and labor party combined

38 Likes 1 Share

Re: FG Unveils Affordable Homeownership Mortgage Fund by viqSmallz(m): 2:53pm On Sep 11

Hopefully this is not one of the numerous propaganda.
Hopefully people who invest in this reaps their benefits.
Hopefully the common man who needs this get it and it isn't given to friends and allies who in turn sell at exorbitant rates.
Hopefully this is spread across the federation.
So many things to hope for. Even good news is now taken with a pinch. May God help us

4 Likes

Re: FG Unveils Affordable Homeownership Mortgage Fund by enochogaga(m): 2:53pm On Sep 11

Stomach montage the citizens needs

4 Likes

Re: FG Unveils Affordable Homeownership Mortgage Fund by kokakola: 2:53pm On Sep 11

In this part of the world, government policies are always Enticing on paper but bastardized in Reality.

5 Likes

Re: FG Unveils Affordable Homeownership Mortgage Fund by Franklyspeakin: 2:54pm On Sep 11

This govt and duplication of policies. so what happens now to the national housing fund. and the deductions from civil servants salary started by the clueless buharis govt

11 Likes

Re: FG Unveils Affordable Homeownership Mortgage Fund by Amuluonyenaego: 2:54pm On Sep 11

All na wash

1 Like 1 Share

Re: FG Unveils Affordable Homeownership Mortgage Fund by goldfish27(m): 2:54pm On Sep 11

SEE HEAD ABEG

6 Likes

Re: FG Unveils Affordable Homeownership Mortgage Fund by Zico5(m): 2:54pm On Sep 11

Set of wicked and evil people. Is it mortgagee that the masses will eat. If they can make essential things of life like food and fuel to be difficult for people to get, is it house they will easily make available. All of you shall not die well.

4 Likes 1 Share

Re: FG Unveils Affordable Homeownership Mortgage Fund by iLoveYouToo(m): 2:55pm On Sep 11

This is welcomed, they should target the middle and lower classes please

37 Likes

Re: FG Unveils Affordable Homeownership Mortgage Fund by Franklyspeakin: 2:55pm On Sep 11

bad policy

Re: FG Unveils Affordable Homeownership Mortgage Fund by mrjoeblinks: 2:55pm On Sep 11

Ehen?
.
Na as e suppose be nau

Re: FG Unveils Affordable Homeownership Mortgage Fund by AntiChristian: 2:56pm On Sep 11

Mortgage is essentially HARAM!

2 Likes 1 Share

Re: FG Unveils Affordable Homeownership Mortgage Fund by VeeVeeMyLuv(m): 2:56pm On Sep 11

Re: FG Unveils Affordable Homeownership Mortgage Fund by Freetech: 2:56pm On Sep 11

As usual lover of bad news hate good news

See them up there

Listen to them at your own peril

They will still wail and cry that the FG didn't include their name among beneficiaries....Like the education loan

Franklyspeakin:
bad policy

Franklyspeakin:
This govt and duplication of policies. so what happens now to the national housing fund. and the deductions from civil servants salary started by the clueless buharis govt

How many people benefited from that, and moreover this private and market driven making corruption difficult

36 Likes

Re: FG Unveils Affordable Homeownership Mortgage Fund by Ontarioo: 2:57pm On Sep 11

Same story

Re: FG Unveils Affordable Homeownership Mortgage Fund by Brendaniel: 2:57pm On Sep 11

Even agbadorians her don't believe their masters.... grin

1 Like

Re: FG Unveils Affordable Homeownership Mortgage Fund by Salewa97: 2:58pm On Sep 11

Nice one

Re: FG Unveils Affordable Homeownership Mortgage Fund by kripen(m): 2:58pm On Sep 11

Goodnews for pensionable people, what about people not pentionable?
They should wait for their turn.

Re: FG Unveils Affordable Homeownership Mortgage Fund by chukskafor(m): 2:58pm On Sep 11

Story for the gods by Olamide comes to mind

2 Likes

Re: FG Unveils Affordable Homeownership Mortgage Fund by Neddyogu(m): 2:59pm On Sep 11

The NHF we have been paying for years nko?

Re: FG Unveils Affordable Homeownership Mortgage Fund by MasterTeeUSA: 3:00pm On Sep 11

I have been waiting for this. They wanted to do Diaspora Housing Scheme in Abuja, and people discouraged them that it was probably discriminatory...but it happens everywhere all over the world. Even Saudi has expatriate area...If Nigeria can tap into Diaspora to raise legit funds for real estate, they can create tons of jobs...like have 20 sites in Abuja...and employ tons of youths. Diaspora will remit the funds knowing it is backed by Govt, and you can do this within 1yr....you create lots of temporary shelters for the workers, give them verifiable identities to access the sites, and push this on all TV stations. You can even allow non-Nigerians to buy...and limit it to one, so they won't buy them all up using state resources in their countries.
We keep looking for money...there is money everywhere. UAE is already doing this.

TouchNfollow:

https://punchng.com/fg-unveils-affordable-homeownership-mortgage-fund/

Re: FG Unveils Affordable Homeownership Mortgage Fund by Antoeni(m): 3:00pm On Sep 11

Foolish FG

Re: FG Unveils Affordable Homeownership Mortgage Fund by DonBabaG: 3:01pm On Sep 11

Pls How can I participate?

Re: FG Unveils Affordable Homeownership Mortgage Fund by onatisi(m): 3:02pm On Sep 11

Tinubu has created another looting tap and avenue for his boys . Money is needed to buy voters in the next election . We will soon start hearing stories of how billions was siphoned from this channel again

Re: FG Unveils Affordable Homeownership Mortgage Fund by Antoeni(m): 3:03pm On Sep 11

It Takes a Very Wicked Heartless Man, Insensitive, Dubious,Crafty, Fraudulent, irresponsible & Dishonest Defending a Man Like Tinubu & His APC Government

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