Osinbajo disclosed that Nigerians can now own houses with just N30000

Osinbajo disclosed that Nigerians can now own houses with just N30000 under the current N100 billion social housing scheme implemented by the present administration of President Mohammadu Buhari.

Speaking at a function tagged “A Smile for Every Nigerian” in state house banquet Aso Rock on Monday 29th May 2017, the acting / coordinating President of the Federal Republic of Nigeria Prof. Yemi Osinbajo said;

“This is 100bn set aside for the Family Home Fund our Social Housing Project. The 100b is a yearly contribution to our N1trn Social Housing Fund, the largest in the history of the country. The World Bank and the African Development Bank are contributors to the Fund. From this Fund, developers will borrow 80% of the cost of project and counter fund with their own 20%.

“The same fund will enable us to provide inexpensive mortgages for hundreds of thousands across the country who want to own homes. Anyone who can afford N30000 will be able to buy a home under our new social housing fund scheme. Already, the project has started in 11 states. We expect that this family housing fund will jump-start and expand construction exponentially across the country.”

Well! We hope this dream comes through so at least for once Nigerians could begin to believe the current administration of APC.