How CBN/NSITF Contribute to Nigeria's Housing Deficit

[Independent (Lagos)] Lagos -When the then administration of Ibrahim Babangida adopted the National Housing Policy of 1991, it gave birth to the establishment of the National Housing Fund (NHF) which was backed up by Decree no. 3 of 1992, as a mandatory scheme to mobilise cheap and long term funds for housing development. The Fund was channeled through the Federal Mortgage Bank of Nigeria (FMBN).