Nigeria: NHF Needs Reworking to Perform Better - Experts

[Independent]Lagos -Only last week, Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Gimba Kumo hinted, that contributions to the National Housing Fund (NHF) has hit N134billion. He dropped the hint in an interview with journalists in Abuja. Kumo however, said that the bank needs a capital base of N250 billion to tackle housing problem in the country. He was quick to add, that NHF's monthly collection stood between N2.2 billion and N2.5 billion.