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CFAN wants CBN to include housing in ficial inclusion products

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  The Cooperative Ficing Agency of Nigeria CFAN has called on the Central Bank of Nigeria CBN to include housing as part of its official listing strategy CFAN Executive Secretary and Executive Director Mr Emmanuel Atama made the appeal at the sixth CFAN summit in Abuja on Tuesday Atama said that including housing in the CBN s official inclusion campaign would help CFAN members in rural areas to have better access to housing and be officially included He said that the summit was aimed at accessing how the products of official inclusion could create jobs and wealth for a more secure life among the cooperative movement in the country The executive secretary listed the official inclusion products of the CBN to include savings credit pension insurance and capital markets The summit will stop at three major issues of housing agriculture and Micro Small and Medium Enterprises MIPYMES The CBN should include housing in its official inclusion campaign The way in which money is allocated to MSMEs they should also consider housing he said CFAN Chairman Alhaji Sadeeq Abubakar said the summit was aimed at analyzing the cooperative business environment with a view to addressing the challenges and prospect of opportunities abounding in the economy Abubakar said that the official listing products and momentum of CBN had had a positive impact on CFAN members Dr Paul Oluikpe Head of Official Inclusion for CBN said that stakeholder collaboration was key to improving official inclusion in the country Oluikpe Okafor s representative from the bank said the importance attached to cooperative development as a key pillar in driving the formal inclusion of Nigerian adults cannot be overstated Mr Madu Hamman Managing Director of the Federal Mortgage Bank of Nigeria FMBN said the bank s Cooperative Housing Development Loan CHDL provided construction funds for cooperatives registered with the National Housing Fund NHF Hamman represented assistant Mr Dominic Agabi said the bank had extended its cooperative lending window to the informal sector He said the extension was to allow all citizens equal access to both building and selling The managing director said the loan was disbursed to cooperative societies at an interest rate of 9 5 percent Hamman who corroborated CFAN s call for housing to be included as one of the official inclusion strategies said it would help more aid workers access housing loans The two day summit attracted cooperative societies and members from different states Edited eniola williams Source Credit NAN
CFAN wants CBN to include housing in ficial inclusion products

The Cooperative Ficing Agency of Nigeria (CFAN) has called on the Central Bank of Nigeria (CBN) to include housing as part of its official listing strategy.

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CFAN Executive Secretary and Executive Director Mr. Emmanuel Atama made the appeal at the sixth CFAN summit in Abuja on Tuesday.

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Atama said that including housing in the CBN‘s official inclusion campaign would help CFAN members in rural areas to have better access to housing and be officially included.

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He said that the summit was aimed at accessing how the products of official inclusion could create jobs and wealth for a more secure life among the cooperative movement in the country.

The executive secretary listed the official inclusion products of the CBN to include savings, credit, pension, insurance and capital markets.

“The summit will stop at three major issues of housing, agriculture and Micro, Small and Medium Enterprises (MIPYMES).

“The CBN should include housing in its official inclusion campaign.

“The way in which money is allocated to MSMEs, they should also consider housing,” he said.

CFAN Chairman Alhaji Sadeeq Abubakar said the summit was aimed at analyzing the cooperative business environment with a view to addressing the challenges and prospect of opportunities abounding in the economy.

Abubakar said that the official listing products and momentum of CBN had had a positive impact on CFAN members.

Dr. Paul Oluikpe, Head of Official Inclusion for CBN, said that stakeholder collaboration was key to improving official inclusion in the country.

Oluikpe, Okafor’s representative from the bank, said the importance attached to cooperative development as a key pillar in driving the formal inclusion of Nigerian adults cannot be overstated.

Mr. Madu Hamman, Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), said the bank’s Cooperative Housing Development Loan (CHDL) provided construction funds for cooperatives registered with the National Housing Fund (NHF).

Hamman, represented assistant Mr. Dominic Agabi, said the bank had extended its cooperative lending window to the informal sector.

He said the extension was to allow all citizens equal access to both building and selling.

The managing director said the loan was disbursed to cooperative societies at an interest rate of 9.5 percent.

Hamman, who corroborated CFAN’s call for housing to be included as one of the official inclusion strategies, said it would help more aid workers access housing loans.

The two-day summit attracted cooperative societies and members from different states.

============Edited. eniola williams

Source Credit: NAN

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