A Memorandum of Understanding (MoU) on future cooperation was signed by the Nigeria Mortgage Refinance Company PLC and the Centre for Affordable Housing Finance in Africa. The alleviation of Nigeria’s Housing issue is the main objective of both organizations.

The cooperation involves applying their knowledge to advance public and private initiatives to increase access to housing finance. This is more so the case especially to the lower and middle income housing market. They are also intending to improve the running of the housing market in Nigeria.

 Nigeria is the focus of this partnership. NMRC’s focus is limited to Nigeria and CAHF has identified Nigeria as a priority country in terms of its three-year strategy which extends to 2021. The partnership between NMRC and CAHF in Nigeria’s housing market intends to support effective and data-driven policies.

Nigeria Mortgage Refinance Company (NMRC)

The Nigeria Mortgage Refinance Company (NMRC) is a private sector-driven mortgage refinancing company. The company’s purpose is promoting home ownership for Nigerians while deepening the primary and secondary mortgage markets. Its vision is to be Nigeria’s superior housing partner.

NMRC sets out to reduce hurdles to home ownership by providing liquidity, affordability, accessibility and stability to the housing market in Nigeria.

The Centre for Affordable Housing Finance in Africa (CAHF)

The Centre for Affordable Housing Finance in Africa (CAHF) is a non-profit organization. The aim of the company is to avail an affordable housing finance system across Africa. This in turn will have governments and businesses alike work together to provide a wide range of housing options for all.

CAHF’s mission is to make Africa’s housing finance markets work and hopefully flourish, especially with regards to access to housing finance for the poor. The overall goal of CAHF’s work is to see an increase of investment in affordable housing and housing finance throughout Africa.

Posted on : 15 Sep,2017