Jonathan Boosts Housing with N50bn Mortgage Refinancing Company

President Goodluck Jonathan President Goodluck Jonathan has launched the Nigeria Mortgage Refinance Company Plc (NRMC), which is expected to boost mortgage financing in the country for housing delivery and home ownership schemes. Speaking at the event yesterday in Abuja, the president said his administration had embarked on creating a stable macroeconomic environment that had lowered inflation from 12 per cent to 8 per cent last year, as well as reducing all impediments to a sustainable and dynamic housing market. “The Nigerian Mortgage Refinance Company is being established to support our objective of making housing affordable to the people. The housing sector is a key component of this administration’s transformation agenda. That is why we conveyed the presidential retreat in May last year. “In November, I asked the Coordinating Minister (for the Economy) to host a roundtable on housing finance. The objective was to take a critical look at the sector and recommend ways they co
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