The Federal Government will tomorrow launch the Nigeria Mortgage Refinance Company, NMRC, in its efforts to re-invigorate the nation’s housing sector.
The company to be launched by President Goodluck Jonathan at the Presidential Villa, in Abuja, is expected to help create over 200,000 mortgages over the next five years at affordable interest rates.

According to the Ministry of Finance which is to midwife the programme, it will begin in 14 pilot states where the state governors had agreed to provide fast-track land titles, foreclosure arrangements, and serviced plots.