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FMBN To Inaugurate 1,071 Houses In 8 Project Sites

The Federal Mortgage Bank of Nigeria has disclosed plans to inaugurate 1,071 completed houses in eight project sites across the country.

The states include Akure, Ondo state; Yola, Adamawa state; Katsina, Abakiliki, Ebonyi state; Damaturu, Yobe State; Sokoto, Maiduguri, Borno; as well as Kogi State.

The FMBN Managing Director, Hamman Madu, in a statement by the FMBN Group Head, Corporate Communications, Timan Elayo, on Tuesday, said the housing units are part of the over 3,560 homes under phases one and two of the national affordable housing delivery programme.

According to him, the housing scheme is a collaboration between the bank and the Nigeria Labour Congress, Trade Union Congress, and the Nigeria Employers’ Consultative Association.

Madu explained that the collaboration was to build and deliver decent, safe, and quality housing for Nigerian workers at a price that they can afford.

“We are excited at the progress that we have made on the national affordable housing delivery programme. Indeed, it is a historic initiative as it marks the first time that FMBN and the organised labour and NECA are working together on the basis of a realistic and acceptable framework for delivering affordable housing to Nigerian workers,” Madu said.

He added that the stakeholders’ involvement and contributions to the project design make the scheme a fit-for-purpose tool that will deliver houses that workers can afford.

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