Wednesday, January 20

Tag: Family Homes Fund

CBN Okays ₦200 Billion Housing Loan For Low Income Earners
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CBN Okays ₦200 Billion Housing Loan For Low Income Earners

THE Central Bank of Nigeria (CBN) has announced N200 billion mortgage finance loan to Family Homes Fund (FHF). The fund is for the building of 300,000 homes in the 36 states of the federation and the Federal Capital Territory. It is also expected to help create up to 1.5 million jobs in five years. The CBN framework for the implementation of the Family Homes Financing Scheme released yesterday indicates that the fund would be released to FMF on project basis, subject to the cumulative maximum limit of N200 billion. According to the framework, the three-year term loan will enable FHF finance the construction of social housing units for people on low income at an interest rate not more than five per cent per annum (all inclusive). The apex bank said it introduced the financin...
Buhari Requests N157.75bn To Hire Additional 350,000 Graduates – Presidency
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Buhari Requests N157.75bn To Hire Additional 350,000 Graduates – Presidency

ABUJA – President Muhammadu Buhari has requested the appropriation of N157.75 billion in the 2017 budget estimates for the N-Power scheme to hire additional 350,000 unemployed graduates under the N-Power Volunteer Corps. Mr. Laolu Akande, the Senior Special Assistant on Media & Publicity to Acting President Yemi Osinabjo made the disclosure on Sunday while giving update on the Social Investment Programmes, SIPs, of the Buhari’s presidency in a statement. He said that out of the N-Power 2017 N157 billion budget ” 350,000 unemployed graduates more would be hired and trained, alongside 50,000 non-graduates youths to be engaged as artisans and in other creative ventures”. He also stated that “Under the N157.75 also, a sum of N4.5B has been earmarked for the Science, Technology, En...