housing

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    FG Introduces N1 Trillion Mortgage Scheme with 12% Interest to Tackle Housing Deficit

    FG Introduces N1 Trillion Mortgage Scheme with 12% Interest to Tackle Housing Deficit Introduction The Federal Government of Nigeria, through the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), has launched a groundbreaking 20-year mortgage financing scheme with a 12%...
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    Nigerian housing sector suffers from interest rate hike

    The interest rate benchmark which was previously at 11.5% was increased to 18.5% by the Central Bank's Monetary Policy Committee. Real estate experts are complaining about the hike as it would affect the housing projects and could lead to some projects getting abandoned. It will also affect the...
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