Nigeria's government plans to use N20 trillion from pension funds for infrastructure development, targeting affordable housing and job creation.
Nigeria's government plans to use N20 trillion from pension funds and other local resources for infrastructure development, targeting affordable homeownership and fostering job creation. The Federal Executive Council has approved an initiative aimed at transforming the nation's infrastructure and housing sector, which will unlock private-sector funds for 25-year mortgages at low interest rates. The government aims to address Nigeria's 20 million housing deficit and promote long-term productivity enhancement.
May 14, 2024
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