Thread

But a home that is built and cannot be bought is only a monument, and on this point, Nigeria has stumbled for decades. So, we turned to the question of money. Through the MOFI Real Estate Investment Fund, 1,859 families across 25 states have now drawn ₦128 billion in mortgages, fixed at 9.75 per cent and repayable over 20 years, terms our people were told for a generation they would never see. Through Family Homes Funds, we have kept faith with the poorest, housing widows and low-income earners, under a mandate to reach 500,000 homes and the 1.5 million jobs that rise with them. 4/