The Federal Mortgage Bank of Nigeria , has said it may to consider offering existing loan beneficiaries between 180 and 360 days of moratorium due to the ravages of the coronavirus pandemic in the country.
The Managing Director of the Bank, Ahmed Dangiwa, at a media parley in Abuja, noted that the current development makes full automation and digitalisation of all operations nationwide, imperative. His words: “Economists are predicting economic slowdown for the 2nd and 3rd quarters of the year, coupled with the drop in oil prices. This would have impact on federal government’s revenue, and during the pandemic period, the Nigerian economy will be negative.”
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