2.5m new jobs underway as CBN rolls out N200bn housing facility

Family Homes Financing Initiative

The federal government of Nigeria is working to create at 1.5 million construction jobs and 1 million supply jobs in the next five years via a housing financing initiative by the Central Bank of Nigeria (CBN) valued at N200 billion. The apex bank stated this in the Framework for the Implementation of Family Homes Financing Initiative it released on Tuesday, saying that mass housing construction is among the key economic activities with potentials to create significant number of jobs rapidly. “It is in the light of this that the Bank…

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