Nigeria: FG - We've Opened Single-Digit Mortgage Loans for Nigerians

Nigeria: FG - We've Opened Single-Digit Mortgage Loans for Nigerians

Ministry of Finance Incorporated (MOFI) says Nigerians have started accessing affordable long-term mortgage facilities at 9.75 per cent.

FG: We've opened single-digit mortgage loans for Nigerians

Ministry of Finance Incorporated (MOFI) says Nigerians have started accessing affordable long-term mortgage facilities at 9.75 per cent. The mortgage facilities extend as long as 20 years, a radical initiative aimed at bridging the country’s estimated 20 million units housing gap. Chief Executive Officer, (MOFI), Dr. Armstrong Takang, said several beneficiaries across geopolitical zones have successfully accessed the single-digit, long-term mort…

Did You Know? Federal Government has opened single-digit mortgage loans for Nigerians - Expressive Info

Nigerians have begun accessing affordable long-term mortgage facilities at a single-digit interest rate of 9.75 percent, according to the Ministry of Finance Incorporated (MOFI). The mortgage facility, which offers repayment…Continue Reading→

FG to Partner with State Governments, Developers on Affordable Housing Projects

The Federal Government on July 31, 2025, unveiled plans to collaborate with state governments and private developers to address Nigeria’s housing deficit through a series of affordable housing projects, a move announced by Minister of Housing and Urban Development Musa Dangiwa during a sectoral briefing. With an estimated shortage of 20 million units, driven by a population growth rate of 2.6% annually and rapid urbanization, 70% of Lagos reside…