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Federal Government Unveils Ambitious Mortgage Scheme for Nigerians Residing in US, Canada, and UK

December 13, 2023

The Minister of Housing and Urban Development, Arch. Ahmed Dangiwa, said the mortgage scheme for Nigerians in the United Kingdom, United States of America and Canada would be launched in February, 2024.

Dangiwa stated this “ahead of the proposed launch in February 2024, of the Diaspora Mortgage Housing Scheme in the UK, USA and Canada” when he received the Chairman, Nigerians in Diaspora Commission, Hon. Abike Dabiri-Erewa, and some Management Staff in his office in Abuja.

The Minister, in a statement signed by Gabriel Odu from the Protocol Unit, NiDCOM on Wednesday, said “The overall goal is to ensure that as our brothers and sisters sojourn abroad, they also have a decent shelter over here in Nigeria to call their home”.

Arch. Dangiwa added that the Federal Housing Authority was also committed to delivering on their tripartite mandate of a Diaspora City Project in partnership with NIDCOM, FHA and FCT.

“The project is situated at Maitama 2, with over 675 hectares of land,” the statement noted.

Earlier, Abike Dabiri-Erewa, commended the Minister for his commitment, participation and the launch of the Diaspora Mortgage Scheme during the Nigeria Diaspora Investment Summit.

She also said Nigerians in Diaspora are enthusiastic about both the Diaspora mortgage scheme and the upcoming Diaspora smart city in Kabusa, Maitama, FCT.

There are about 20 million Nigerians in the Diaspora and remitting an average of over $24bn annually to shore up the Nigerian economy.


Credit: Punch

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