The Minister of Housing and Urban Development, Arch. Ahmed Dangiwa, has announced plans to launch a mortgage scheme for Nigerians residing in the United Kingdom, United States of America, and Canada in February 2024.
Dangiwa shared this information during a meeting with the Chairman of Nigerians in Diaspora Commission, Hon. Abike Dabiri-Erewa, and some Management Staff in Abuja.
In a statement from the Protocol Unit of NiDCOM on Wednesday, the Minister stated, “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 also affirmed the commitment of the Federal Housing Authority to the tripartite mandate of the Diaspora City Project in collaboration with NIDCOM, FHA, and FCT, situated at Maitama 2 on over 675 hectares of land.
Hon. Abike Dabiri-Erewa commended the Minister for his dedication and participation, particularly in the launch of the Diaspora Mortgage Scheme during the Nigeria Diaspora Investment Summit.
She expressed the enthusiasm of Nigerians in the Diaspora for both the Diaspora mortgage scheme and the upcoming Diaspora smart city in Kabusa, Maitama, FCT.
With approximately 20 million Nigerians in the Diaspora remitting an average of over $24 billion annually, the initiative aims to provide a tangible avenue for them to invest in housing back home while contributing to the Nigerian economy.