More than nine million Nigerians lack access to affordable housing, according to the Federal Mortgage Bank of Nigeria (FMBN).
FMBN’s Enugu branch Manager Emeka Aroh revealed this on Friday during a seminar by the Light Hill Housing Cooperative for multipurpose cooperative societies in the South-East.
According to Aroh, one of the ways to ensure that Nigerians have adequate and affordable housing is through long term mortgage loans.
He lamented that even though the 1999 Constitution Section 16 (1) backs every Nigerian to have affordable housing, millions of people still live in squalor.
“Long term mortgage loans have to be provided for Nigerians to be able to have affordable housing,” Aroh said.