Federal Mortgage Bank Reduces Conditions For Housing Loans

Nigerians above 18 with a steady paycheck will now be able to access up to N5 million housing loan from the Federal Mortgage Bank of Nigeria without equity contribution. According to a statement by Zubaida Umar, the revised requirements are a 100% reduction in the equity contribution required of beneficiaries.Previously, beneficiaries had to contribute 10% to access up to N5 million, 20% via IFTTT