Family Homes Funds’ Adewole Canvas for More Housing Initiatives in Nigeria

 · The Family Homes Fund Limited, a partnership between the Federal Ministry of Finance and the Nigerian Sovereign Investment Authority as founding shareholders, will address the country’s housing.

In its quest to tackle housing challenges in Nigeria, the Federal Government, on Wednesday, announced the appointment of Mr. Femi Adewole as the Managing Director of Family Homes Fund. Adewole’s.

Note: The organizations who successfully implement the project for a year fulfilling the work plans and meeting deadlines will have chances to be invited to submit application for another cycle of grant otherwise no organization is provided fund for more than a year and more than once.

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By June 2019, we will launch a social housing rental housing fund to provide affordable housing opportunities for Nigerians on very low wages but secure employment. The cost of monthly rentals will typically not exceed 40% of household income and beneficiaries will have an option to buy at any time they are able to do so.

More Info We are here to bridge the housing gap in Nigeria Nigeria requires more 17 million new homes to meet the immediate needs of the people, the vast majority of whom lives on less than $4 a day.

Excerpt from Africa Housing Finance Yearbook 2016 Overview In 2017 Nigeria faced significant economic challenges, factored by a GDP contraction, foreign exchange instability, and a gap in governance.Uncertainty in the oil sector remains as communities in the Niger Delta pulled out of peace talks following recent flair ups in the region.

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There’s been a spate of building collapses in Lagos, Nigeria. In some cases, people have died. In one instance a building had been marked for demolition at

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