REPORT: NIGERIA LAUNCHES DIASPORA MORTGAGE AT 6.9%

The federal government through the Nigerians in Diaspora Commission (NIDCOM) has launched the Diaspora Housing Scheme that provides a platform for Nigerians outside the country to access up to N50 million in mortgage spread over a ten-year tenure with an interest rate of 6.9%.

7/9/20241 min read

This scheme is formulated to facilitate the active involvement of Nigerians living abroad in the National Housing Fund (NHF) Scheme, granting them the opportunity to access substantial funds, up to N50 million, for the purpose of acquiring homes in Nigeria.

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