Mon. Sep 27th, 2021

Twenty-two million housing gap.

The Central Bank of Nigeria has stressed the need for the mobilization of private sector funding to redressing the Country’s twenty-two million housing gap.

The Deputy Governor, Economic Policy of the CBN, Dr. Kingsley Obiora, stated this during the last Monetary Policy Committee meeting held last weekend.

According to Dr. Obiora, the CBN has collaborated with the Federal Government and the Private Sector to stimulate the economy and prevent economic scarring through various interventions targeted at households, SMEs, Health, Agricultural and manufacturing sectors.

He stated that while the impact of the policies on the economy was undeniable, but given the fragile recovery and long standing infrastructural challenges, more action would be required to return the economy to full recovery.

Leave a Reply

Your email address will not be published. Required fields are marked *