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The Federal Government has proposed a national housing bond to enable developers of buildings to access financing for mass and affordable projects nationwide.
The Minister of Works and Housing, Babatunde Fashola, said there was the need to improve financing for the housing sector to the benefit of Nigerians both in urban and rural areas.
Fashola said the bond aimed to raise capital that would be used to finance the development of housing infrastructure in Nigeria.
He said it will increase foreign and domestic investment.
