The Federal Government has concluded plans to roll out a mortgage scheme for Nigerian residents in the United States of America, Canada, and the United Kingdom.
The Minister of Housing and Urban Development, Arch. Ahmed Dangiwa said this ahead of the proposed launch of the Diaspora Mortgage Housing Scheme in the UK, USA and Canada, slated for February 2024.
Dangiwa made this known while he received the Chairman, Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa, and some Management Staff in his office in Abuja on Wednesday, December 13, 2023.
According to a statement signed by Gabriel Odu from the Protocol Unit of NiDCOM on Wednesday, the Minister 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.”
Dangiwa also reiterates the Federal Housing Authority’s commitment 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.
For her part, Dabiri-Erewa commended the Minister for his commitment, participation, and launching of the Diaspora Mortgage Scheme during the Nigeria Diaspora Investment Summit.
She also noted that Nigerians in the Diaspora are enthusiastic about the proposed mortgage scheme and the upcoming Diaspora smart city project in Kabusa, Maitama, FCT.
Nigeria has about 20 million Diaspora population who make an average remittance of over $24bn annually to the Nigerian economy.