Over the years, the NHF Scheme has contended with periods of rejection by workers, but as at date, it has recorded a customer base of 4.6 million individual contributors and 22,290 organisations. “The framework for the NHF Scheme provided that its loans be granted at interest rates below market rates and on concessionary terms for affordability. Over the years, FMBN has established construction financing loan windows to boost housing supply and is granting mortgage and construction loans through housing cooperatives. The Bank is also engaging in strategic partnerships with stakeholders, through collaborations on the management and utilisation of the NHF Scheme. “A case in point is the partnership with the Nigerian Labour Congress (NLC), Trade Union Congress (TUC), and the Nigeria Employers Consultative Association (NECA) for housing delivery to Nigerian workers.

Source: The Guardian May 07, 2018 03:56 UTC