Abuja - President Goodluck Jonathan has called for the computerisation of the country’s land registry to enhance proper land administration.
He made the call at the call at the launch of the Nigeria Mortgage Refinance Company at the banquet hall of the Presidential Villa.
He said that the launch of the company was in line with his administration’s efforts at tackling housing deficit, adding that the Public Private Partnership-led initiative would eliminate the financing barrier to house ownership in the country.
The President advised state governors to consider delegating land consent in their states in order to speed up the process of land acquisition. He said his administration had created a stable macro-economic environment that resulted in the lowering of inflation rate from 12 per cent to 8 per cent last year.
He added that the development had also enhanced the sustainable and dynamic housing market.
“The housing sector is known worldwide as an avenue for job creation and economic stability. That is why we are focused on the sector and the concrete action we have taken in alleviating the major constraints to its rapid development”.
The Minister of Finance, Dr Ngozi Okonjo-Iweala, said it would take three to four months for the Nigeria Mortgage Refinance Company to start operations.
She said the government expected that by the end of June, Nigerians would begin to access the loans.
– CAJ News