INTERVENTION: CBN targets over 1.5m jobs with N200b housing facility

The Central Bank of Nigeria (CBN) is making funds available for the Family Homes Financing Initiative (FHFI), a housing intervention programme targeted at providing 300,000 homes across the 36 states of the country.

The initiative, which is also expected to create more than 1.5 million direct jobs in five years with a N200 billion funding, is targeted at low income earners, who may never have hope of building their own houses.

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