Nigeria To Host AU’s Housing Finance Confab

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Plans have been concluded for the hosting of 32nd edition of African Union for Housing Finance (AUHF) Conference and Annual General Meeting in Nigeria.

AUHF is a 55 – member association of mortgage banks, building societies, housing corporations and similar organisations working on mobilisation of funds for shelter and housing on the continent.

The event billed to take place in Abuja from 14 to 16 September is in partnership with the Nigeria Mortgage Refinance Company (NMRC).

NMRC is a private sector-driven mortgage refinancing company saddled with the responsibility of promoting home ownership for Nigerians by raising long term funds in the capital market to provide affordable housing finance to Nigerians.

Its vision is to be the dominant housing partner in Nigeria, with a mission to break down barriers to home ownership by providing liquidity, affordability, accessibility and stability to the housing market.

The refinance company is working with other local partners such as the Central Bank of Nigeria (CBN), the Federal Ministry of Power, Works and Housing, the Federal Ministry of Finance, Mortgage Banking Association of Nigeria(MBAN), and the Nigerian Sovereign Investment Authority to ensure a very successful outing during the confab.

The event would provide opportunity for experts in housing and housing finance across the continent to deliberate on the state of the sector and proffer solutions for its growth so as to unlock its multiplier effects on national economies.

It is also a platform for identifying new housing investment opportunities, generate new businesses, and promote related products and services.

Speakers expected to grace the occasion include minister for power, works and housing, Babatunde Raji Fashola, minister of finance, Mrs Kemi Adeosun, as well as housing finance experts from Ethiopia, Egypt, Ghana, Kenya, Liberia, Senegal, South Africa, Tanzania, India, China, and Brazil.

Also, representatives from the World Bank, the African Development Bank, the International Finance Corporation, the China-Africa Development Fund, and UN-HABITAT would form part of participants at the event.

In addition, investors from the International Finance Corporation (IFC), China-Africa Development Fund, UK CDC, Lion’s Head Global Partners, Cantor Fitzgerald LP and the US Overseas Private Investment Corporation (OPIC) would make up the A- list.

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