Worried that the combined efforts by both public and private sector operators do not come any close to Nigeria’s housing need, the Federal Mortgage Bank of Nigeria (FMBN) has come up with a new approach to delivering affordable housing to Nigerians.
The apex mortgage bank has increased its steps to ensure completion of housing projects that were started but abandoned mid-way in the past. It has also reformed its framework for the design, financing, and monitoring of housing projects.
This it does by closing systemic gaps that gave room for internal and external abuses by…
