Bola Tinubu Gives Green Light for Fresh Injection of Funds in the Housing Sector

Transforming the infrastructure and housing sector in the nation has received the go-ahead from the Federal Executive Council, with President Bola Tinubu at the helm on Tuesday.

The newly approved initiative addresses the pressing need for crucial infrastructure and affordable homeownership, aiming to stimulate job creation, inclusive growth, and long-term productivity enhancement.

During its meeting at the State House in Abuja on Tuesday, the council endorsed the initiative, which will facilitate access to private-sector funds for Nigerians seeking 25-year mortgages at favorable interest rates to fulfill their homeownership aspirations.

Following the meeting, Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, emphasized the significance of innovative collaborations between the private sector and government-owned entities, such as the Nigeria Sovereign Investment Authority (NSIA) and the Ministry of Finance Incorporated (MoFI).

He highlighted the strategic importance of these partnerships in directing funding towards high-impact areas to deliver meaningful economic outcomes for the populace.

According to the minister, “This partnership marks a pivotal move towards sustainable development and economic advancement in Nigeria by leveraging private-sector resources and expertise in critical areas of need.”

The post Bola Tinubu Gives Green Light for Fresh Injection of Funds in the Housing Sector appeared first on NewsNow Nigeria.

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