Tinubu Greenlights New Housing Investment Initiative

Tinubu Greenlights New Housing Investment Initiative

In a move to bolster the nation’s infrastructure and housing sector, President Bola Tinubu chaired the Federal Executive Council’s approval of a transformative initiative…..Read also Nigerians React As President Tinubu Orders Immediate Suspension Of 0.5% Cybersecurity Levy On Electronic Banking Transactions (Full Details)

Tailored to address the pressing need for critical infrastructure and affordable housing, the initiative aims to spur job creation, inclusive growth, and long-term productivity. Approved during the council’s meeting in Abuja, the initiative will unlock private-sector funds for 25-year mortgages at low interest rates, enabling Nigerians to achieve homeownership. Minister of Finance, Wale Edun, emphasized the importance of innovative partnerships between the private sector and sovereign-owned enterprises, such as the Nigeria Sovereign Investment Authority and the Ministry of Finance Incorporated, to strategically channel funding into high-impact areas for sustainable economic development and growth.