The Minister of Housing and Urban Development, Ahmed Dangiwa, has urged mortgage banks to adopt rent-to-own mortgage options and flexible monthly mortgage loan repayments as strategies to develop innovative mortgage products and make commercial loans more affordable.
The minister, speaking in Abuja on Saturday, urged all bank executives to ensure that Nigerians within the low and medium-income segments have access to affordable mortgages.
According to Dangiwa, business owners should not see the provision of housing and home loans from a business and profit motive, but as a moral imperative to reduce the number of homeless persons.
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