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CBN rallies support for Housing Finance Programme

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged the Nigerian media to effectively communicate and educate Nigerians on how they could key into the Nigerian Housing Finance Programme (NHFP) to access finance for affordable housing in the country.

The CBN Governor stated this on Tuesday in Abuja during the launch of the Mascot of the NHFP, a Public Private Partnership (PPP)– designed to improve access to affordable housing finance in Nigeria.
Emefiele, who was represented by the Director, Other Financial Institutions Supervision Department, Mrs. Tokunbo Martins, said that the mass literacy campaign of the project was being driven by the PPP stakeholders in the Nigerian housing industry with the support of the regulator.

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“Everything you have learnt and discussed today should contribute to the actualisation of this philosophy through the effective communication of NHFP and its possibilities to your readers and the general public,” Emefiele told journalists at the event.

‘’The mass literacy campaign is driven by a public private partnership effort of the stakeholders within the technical assistance components of the NHFP to increase ourpublic awareness—-that is accessible and affordable house/home finance programme which is available through micro finance banks and mortgage banks as mortgage loans that will be eligible for refinance through the Nigerian Finance mortgage Company (NFMC) and also that micro financing is available through micro finance banks.’’
The CBN Governor stated that certain people had become successful house owners already through the process and that nobody would be excluded from applying.

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