CBN Governor Rallies Support for Housing Finance Programme…

On Tuesday in Abuja during the launch of the Mascot of the NHFP, a Public Private Partnership (PPP)– designed to improve access to affordable housing finance in Nigeria. The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele urged the Nigerian media to effectively communicate and educate Nigerians on how they could key into the Nigerian Housing Finance Programme (NHFP) to access finance for affordable housing in the country.

Emefiele, who was represented by the Director, Other Financial Institutions Supervision Department, Mrs. Tokunbo Martins, said that; ‘’The mass literacy campaign is driven by a public private partnership effort of the stakeholders within the technical assistance components of the NHFP to increase our public awareness—-that is accessible and affordable house/home finance programme which is available through micro finance banks and mortgage banks as mortgage loans that will be eligible for refinance through the Nigerian Finance mortgage Company (NFMC) and also that micro financing is available through micro finance banks.’’

“This whole campaign consists of two basic messages: Providing awareness and education to help intending home owners prepare for a home buying process, and educating and encouraging home buyers to understand their responsibilities to pay their loans in a timely manner according to their terms of mortgage agreement.
“If you can effectively communicate these two messages to our people, this campaign has successfully achieved its goal. This is the simple message of my own home campaign. We ask you to help us disseminate the information properly and effectively to every single citizen of Nigeria.”

He added: “The Nigerian housing industry has come together in the campaign—with a single minded purpose of effecting the rapid provision of the most affordable houses to those in our population who may be unaware of their rights and responsibilities or may not have been able to learn how to move forward.”
The CBN Governor stated that certain people had become successful house owners already through the process and that nobody would be excluded from applying. Thus people can do this by going to their banks to ask questions and know how they can go about and finance their mortgages and must have agreed to the terms and conditions of the mortgage institution.



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