Cooperative societies across the country will now be able to access housing loans from the Federal Mortgage Bank of Nigeria.
This is major fallout of the 8th National Council on Lands, Housing and Urban development.
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It is to enable workers own houses and live above the poverty line.
Researchers identify shelter as next only to food and clothing in the hierarchy of human needs.
Yet, house rent is said to consume up to 60% of the income of average Nigerian workers, a recipe for hard life.
The 8th national council on lands, housing and urban development brought together stakeholders, government officials and private sectors to dicuss issues about housing.
The event had in attendance Minister of Works and Housing, Babatunde Fashola.
Source: NTA
