Stakeholders urge government to resurrect home completion loan scheme

With ample opportunities for the housing industry in Nigeria yet to be explored through the mortgage finance sub-sector, stakeholders have called on the government to revisit home completion loan scheme.

The scheme supports the new paradigm for unlocking housing microfinance and leverages on incremental development that most Nigerians use in acquiring new homes as well as renovate and upgrades existing structures. The scheme is expected to catalyze the demand side of the equation.

Stakeholders that attended the 10th Abuja Housing Show in Abuja, organised by FESADEB Communications Limited, agreed this in a communiqué. Dignitaries that attended the three-day event include Senate President, Dr. Bukola Saraki, Kano State Governor, Minister for Power, Works and Housing, Babatunde Fashola, Minister of State for Environment, Jibrin Ibrahim, and commissioners of Housing from various States.