A new co-operation deal between Nigeria Mortgage Refinance Company Plc (NMRC) and Kaduna State government will soon deepen mortgage penetration and promote home ownership in the country.
The deal, in which NMRC endorsed via the execution of a landmark Memorandum of Understanding with the Kaduna State government, is part of the state’s determined and structured efforts to institute a strong investment climate for affordable home ownership for its citizens.
The agreement among others includes providing affordable housing for citizens through the government’s planned development – Millennium City Project as well as a commitment to support the provision of single digit mortgages through the creation of a sinking fund for citizens and public servants in the State.More here.
I thought NMRC was a mortgage administration for the general public……like one-on-one applications.When did they start brokering state-wide “landmark” deals ????
Source: Guardian News