The Federal Government has announced plans to introduce a consumer credit funding programme and a single-digit mortgage scheme aimed at easing financial burdens on Nigerians.
The initiative was revealed by the Minister of Finance and Coordinating Minister of the Economy, Mr Olawale Edun, during Access Bank’s Corporate Forum in Lagos on Thursday.
Edun stated, “Consumer credit is coming for Nigerians. It will be for the funding of manufacturing and sales of manufacturing products by giving people the opportunity to pay as they go, especially for more durable products.”
He stressed the government’s commitment to providing nearly single-digit interest rates for 25-year mortgages to stimulate the construction sector.
In addition to these financial initiatives, Edun noted the government’s collaboration with farmers, stating that 60,000 farmers would receive necessary resources, with results…
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