The National Pension Commission’s decision to grant Retirement Savings Account (RSA) holders access to 25 percent of their retirement savings to pay equity contribution for residential mortgages has triggered a scramble for a piece of the N3.6 trillion fund, Business Hallmark can report.
At the last count, 34 mortgage lenders have been approved by the Central Bank of Nigeria (CBN) to commence the implementation of the mortgage scheme.
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