The Minister of Finance, Dr Ngozi Okonjo-Iweala, on Monday said 10,000 Nigerians would own houses in 2014 through the Nigerian Mortgage Refinancing Company.
Okonjo-Iweala, who is also the Coordinating Minister of the Economy, stated this at a Stakeholders Housing Summit in Abuja.
She said that the government had already received funds for the programme from the World Bank and additional 25 million dollars (about N4.1 billion) for micro financing and mass housing initiative.
She said the 25 million dollars would be utilised for the mass housing initiative and to help persons at the bottom of the society to repair their old houses.
She assured that the NMRC would begin operations at the end of June, 2014.
Okonjo-Iweala said that money would be pushed into the system if state governors would be ready to release Certificates of Ownership of Lands.
The minister said that the summit would come up with the criteria for accessing the mortgage loans.
She described the programme as “a very important milestone” of the Federal Government in its effort to provide affordable housing for all Nigerians.
Okonjo-Iweala said that government would ensure that the project was realisable.
“We are here to ensure that at the end of this year, so many Nigerians will say that as a result of this initiative, they have been able to buy a piece of land to construct their houses.
“I am hoping that at the end of this occasion, we would have launched an initiative where 10,000 Nigerians who do not have houses today will have access to housing,’’ she stressed.
Okonjo-Iweala also said that the new mortgage system would be an avenue to create jobs for young Nigerians.
“We have not yet created enough jobs to meet the number of entrants in the labour market each year; it is not that we are not creating jobs, but the issue is that we still have a gap of about 200,000 jobs.
“We have to work harder to meet that gap because also accumulated over the years is a pool of about 5.3 million unemployed Nigerians.
“You do not only have to deal with the pool entering into the market, but also the number that has been there without jobs,’’ she said. Click to signup for FREE news updates, latest information and hottest gists everyday
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Call me Thomas, but that's your cup of poison, so "mrs" ministerof financ, I ask, are you the GEJ campaign co ordinator also? Y? Because this is a campaign manifesto, you guys were there since 2010 or thereabouts or did you just wake up when election is around the corner?
ReplyDeletehope the present system will not manipulate the plan to suit the rich as usual? come on let me hear word. what a useless system we run in nigeria that does not and does not care to take action plan seriously. we will do this and that every day but are we geting it due to lack of implementation action?
ReplyDeleteBreaking News! Hehehehehehe!
ReplyDeleteIdiot
ReplyDeleteokonjo iweala GOD go punish u nd ur gendratios 4 dat.
ReplyDeleteHouses that your boko haram/fulani will not allow people to sleep in!!!
ReplyDelete2015 campaigns.
ReplyDeleteWe have 774 local goverment in Nigeria use that to divide 10000 house and divide the same with 15 (years of PDP misrule) what did you get ? You will get one uncomplited building for one Nigerian per a local government. Up PDP up Okonjo iweala
ReplyDeleteShame on u oweala, 10,000 houses in a population of over 160 millioms......!
ReplyDeleteLie lie Konjo Wahala
ReplyDeleteIdiota!!!!
ReplyDeleteEven if they were given more 8yrs to rule they can “NEVER“ provide houses for just 500 “COMMON“ nigerians not to talk of 10,000 nigerians. YEYE TALK FROM YEYE SET OF PEOPLE!
ReplyDeleteIs true they can;but 4 them 2 hide money.
ReplyDeleteThe rich in nigeriy do not seem to realise that the masses will on day turn on them and these type of multi level insults will make it happen sooner. Then our arrogant rulers will run away and become a nobody abroad.
ReplyDelete