10 expectations from CBN’s Family Homes Financing Initiative (FHFI)

The 10 expectations from CBN’s Family Homes Financing Initiative ( FHFI )

1 To fast track the deployment of 300,000 homes in the 36 states and the Federal Capital Territory.

2 To create up to 1.5 million jobs in five years at the rate of 5 jobs/home.

3 To be implemented in collaboration with Family Homes Fund Ltd (FHFL), as the lead developer.

4 Potential to create a further one million jobs through its supply chain

5 To utilise at least 90 per cent locally manufactured inputs

6 To conserve foreign exchange.

7 To revitalise local manufacture of construction materials including doors and windows, ironmongery, sanitary fittings, concrete products, tiles, glass, electrical fittings/fixtures and bricks.

8 To house up to 900,000 children and adults, at an average of three persons per home

9 To target people on low income level across the country.

10 Funds would be released to FHF on project basis subject to the cumulative maximum limit of N200 billion.

* A project is as cluster of homes in the same geographical location and covered with the same title documents and approvals

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