PRESIDENT TINUBU APPROVES THE TRANSFORMATION OF THE NATION’S INFRASTRUCTURE AND HOUSING SECTOR.

The Federal Executive Council presided over by President Bola Tinubu at the State House in Abuja, has approved an initiative to transformthe nation’s infrastructure and housing sector.

The initiative, as approved by the council, is crafted to meet the urgent demand for critical infrastructure and affordable homeownership and is designed to foster job creation, inclusive growth, and long-term productivity enhancement.

The initiative will unlock private-sector funds, which Nigerians can access for 25-year mortgages at low interest rates to realize their dream of owning a home.

The Minister of Finance and Coordinating Minister of the Economy WALE EDUN at a press conference after the meeting, explained the importance of innovative collaborations between the private sector and sovereign-owned enterprises like the Nigeria Sovereign Investment Authority) and the Ministry of Finance Incorporated.