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As the sixth edition of Nigeria Diaspora Investment Summit (NDIS),
opens in Abuja, the Minister of Housing and Urban Development, Architect
Ahmed Dangiwa, launched the Diaspora Housing Scheme with a facility for
Diaspora access up to N50 million naira loan for mortgage with an
interest rate of 6.9 per cent, paid over a period of 10 years.
The Minister, who initiated the scheme while serving as the MD/CEO of
the Federal Mortgage Bank of Nigeria, described his position as a
positive twist of fate.
Dangiwa added that the Mortgage scheme will be formally launched in the
United Kingdom, Canada, and the United States soon, called on the
Diaspora community to take full advantage of the opportunity and
massively subscribe to reap its short and long-term benefits.
“I want to use this opportunity to urge Nigerians in the Diaspora to
take advantage of this Scheme which allows them to actualise their
dreams of owning affordable homes in Nigeria”, he said.
The Minister assured the Diaspora of his commitment to protect their
investments in the sector and his tenure will ensure that relevant
incentives are provided as he will willingly support Diaspora
initiatives.
Dangiwa also encouraged the Diaspora to key into the Diaspora City
Project which is in collaboration with NiDCOM, FHA, the Federal Capital
Territory Administration and the Private Sector.
“This city will accommodate bungalows, semi-bungalows, terrace, mansions
and other infrastructures for the convenience of the Diaspora “, he
explained.
NIDCOM Chairman/CEO, Hon. Abike Dabiri-Erewa explained that the scheme
has been in the heart of the Commission and will do all it takes to
actualise it, hence the launch.
The theme of the 2023 hybrid summit is, ‘New Vistas, New Aspirations,
New Opportunities: The Diaspora and National Development’.
