Nigeria: FMBN Targets U.S.$2.5 Billion Diaspora Money for Housing Sector

[Vanguard]Federal Mortgage Bank of Nigeria (FMBN) is targeting an inflow of up to $2.5 billion diaspora money into the Nigerian housing sector, by introducing products that will encourage Nigerians living abroad own houses in the country. This is even as the federal government is targeting the development of 200,000 housing units in the next five years with the proposed Mortgage Refinance Company (MRC).