Wednesday, January 20

Tag: low income earners

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

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...
Emir Warns Peasants Against Polygamy
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Emir Warns Peasants Against Polygamy

Alhaji Attahiru Ahmed, Emir of Anka in Zamfara, has cautioned low income earners against marrying more than one wife. Ahmed, who gave the warning on Sunday in Anka, said that multiple marriages was worsening the economic situation of the poor and making them even poorer. He spoke during the distribution of some women empowerment items donated by Hajia Aisha Bello-Matawalle, wife of the state governor. The items were distributed to women from Anka, Bakura, Bukuyyum, Gummi, Maradun and Talata-Mafara local governments areas in Zamfara West Senatorial District. “Civil servants on a salary of N15,000 a month marry more than one wife and end up raising families they cannot catter for. “It is this attitude that is responsible for increasing out-of-school children because the pa...