Fg waives 10 payment on housing mortgages below n5m

It seems like you're referring to a news article or a policy update related to housing mortgages in Nigeria. Here's a breakdown of what I understand:

FG: This likely stands for Federal Government, which is the government of Nigeria.

Waives 10% payment on housing mortgages below N5m: This means that the Federal Government is offering a discount of 10% on the payment of housing mortgages for properties valued at N5 million or less.

Here's a possible interpretation:

The Federal Government is introducing a new policy to encourage home ownership among Nigerians. The policy aims to make housing more affordable by offering a discount of 10% on the payment of housing mortgages for properties valued at N5 million or less. This means that borrowers who purchase a property worth N5 million or less will only need to pay 90% of the mortgage amount, rather than the full 100%.

This policy is likely intended to stimulate the housing market, increase home ownership rates, and provide relief to low- and middle-income individuals who may struggle to afford housing. However, it's essential to note that this policy may have specific terms and conditions, such as eligibility criteria, interest rates, and repayment periods, which are not yet publicly disclosed.

If you're interested in learning more about this policy or its implications, I recommend checking reputable news sources or government websites for official updates and clarifications.