FG rolls out housing plans for Nigerians in diaspora

Why increased house rent to N9 million per annum - FCT

The Buhari led administration is unfolding plans as to how Nigerians in Diaspora can own houses or invest in Nigeria without hassles.

The minister of finance, Kemi Adeosun, made the revelations today.

Kemi said the National Assembly has also approved a $300 dollars Diaspora bond. She said the bond will go live in March this year.

“The Diaspora bond NASS has approved is where Nigerians in Diaspora who wants to invest can key into.

“We are hoping that by March the Diaspora bond will be rolled out.

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“Beyond that of course, the investment opportunities in Nigeria are very huge.

“A lot of Diasporans who are interested in investing at home are encouraged to do so.

“Government is putting in place a lot of incentives such as infrastructures.

“The government is creating a conducive environment for investment to thrive so that they can invest back home.

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“Another initiative is the family home funds which has two aspects that provide funds for development of housing.

“So we are funding mass housing development, such as 400, 1000 housing units at a time.

“We are also providing funding for our people where they can purchase houses,” she said.

In response, SSA on Foreign Affairs and Diaspora, Mrs. Abike Dabiri-Erewa, hailed the initiative.

Dabiri-Erewa said that there was the need to engage the Diaspora in contributing their quota to the development of the country.

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She noted remittance from Nigerians in Diaspora increased from 21 billion dollars in 2015 to 35 billion dollars in 2016.

The presidential aide said the Diasporans needed to be encouraged to invest more at home.

“We want the Diaspora to be part of the show because they are eagerly waiting for that,” Dabiri said.