Federal Government plans one million houses for Diaspora Nigerians
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The Federal Government plans to build about one million housing units for Nigerians in the Diaspora, the Chairman/Chief Executive Officer, NCF Investment Incorporation, Chief Temitop e Ajayi, has said., Ajayi, who is also the Ambassador of Goodwill for Arkansas and Maryland State and Honorable Chair, Global Connections for Women Foundation, stated in an interview with our correspondent on Friday that the units were part of the housing for all project of the Federal Government. She said the Diaspora housing project would be financed through a mortgage arrangement, adding that the Federal Mortgage Bank of Nigeria and the First Bank of Nigeria would play leading roles in financing the housing scheme. She stated the mortgages for the acquisition of the houses would have a 15-year tenor. According to her, Nigerians abroad will remit trillions of dollars for the project, which she said would be sited in Abuja, Lagos, Port Harcourt and Kano. Ajayi said the project had been approve...