Rullion's Blog

The Federal government this afternoon commenced the rollout of the first phase of a 10,000 mortgage scheme,  Affordable Homes Programme . The programme is being implemented by the Federal Ministry of Finance in collaboration with the Federal Ministry of Lands, Housing and Urban Development and the  Nigeria Mortgage Refinance Company .

The Lagos State Mortgage Board on Tuesday began allocation of homes to 30 indigenes that emerged winners from a raffle draw for the state housing estates. Governor Babatunde Fashola of Lagos State said at the presentation that allocation of the homes to first set of beneficiaries had confirmed the state government’s commitment to the mortgage scheme. The News Agency of Nigeria reports that some of the homes were in Shitta, Ikorodu, Epe, Age and Lekki Housing Estates. The governor said the scheme was the state government’s answer to the limited access to housing and one of the strategies to improve living standards. “With this scheme, we are moving our people from desperation for housing to an orderly and predictable living. And, that is our dream and I have always believed that when people can dream things, their hands can do it. “Our journey really begins today; Lagosians should begin to put their steps in that ladder, the ladder to prosperity that we have d...