Business
FG Launches New Mortgage Refinance Institution
The Federal Government
is set to launch a new Mortgage Refinance Institution as part of the transformative agenda of President Goodluck Ebele Jonanthan.
Speaking to The Tide over the phone in Port Harcourt last Friday the new Mortgage Refinance Institution Task Manager, Mr Sonnie Ayere, said the new refinance institution was an initiative of President Goodluck Jonathan economic and financial empowerment of Nigerian businessmen.
Ayere said the new company is to be known as Nigeria Mortgage Refinance Company, a joint Public Private Partnership between the federal government and the private sector.
He said the new Mortgage Refinance Company was directly under the auspices of the Federal Ministry of Finance.
He said the Ministry of Lands, Housing and Development will supervised projects to be executed by the new mortgage refinance institution.
Ayere further said the Nigeria Mortgage Refinance Company (NMRC) in a development partner with the World Bank, International FinancialCorporation (IFC) and other financial institutions.
The Task manager said the Mortgage Refinance terms of Mortgage refinancing of projects would be of more benefits to the beneficiaries that would access the mortgage loans of the new company.
He called on Nigerians to support the new mortgage refinance company of the federal government for their benefits.
Ayere said the new mortgage refinance Company (NMRG) would be lauched by President Goodluck Jonathan on Thursday 16th January 2014 in Abuja.
Philip Okparaji
Business
NPA Assures On Staff Welfare
Business
ANLCA Chieftain Emerges FELCBA’s VP
Business
NSC, Police Boost Partnership On Port Enforcement
-
Niger Delta5 days ago
PDP Chieftain Faults A’Ibom Gov’s Defection To APC
-
Politics4 days ago
Presidency Slams El-Rufai Over Tinubu Criticism …Says He Suffers From Small Man Syndrome
-
Editorial5 days ago
Benue Killings: Beyond Tinubu’s Visit
-
Business4 days ago
Nigeria’s Rural Poverty Hits 75% – World Bank
-
Sports5 days ago
CWC: Bad Blood As Inter Edge River Plate To Advance
-
Business4 days ago
NSC, Police Boost Partnership On Port Enforcement
-
Niger Delta5 days ago
ISOPLOT Has No Legitimacy to Speak for Isoko, INYA Warns
-
Politics4 days ago
10 NWC Members Oppose Damagum Over National Secretary’s Reinstatement