FMBN Inaugurates N8m Houses for Nasarawa Civil Servants

FMBN
  • FMBN Inaugurates N8m Houses for Nasarawa Civil Servants

In an effort to reduce housing deficit in the country, the Federal Mortgage Bank of Nigeria has inaugurated a housing programme in Nasarawa State to serve as a pilot scheme towards providing 1,400 units across the nation.

The Managing Director/Chief Executive, FMBN, Ahmed Dangiwa, disclosed this at the ground-breaking of the FMBN, Nigeria Labour Congress,Trade Union Congress and Nigeria Employers’ Consultative Association’s National Affordable Housing Project in Kwandere area of Lafia East Development Area of the state.

According to him, the programme is designed to be implemented in phases, saying that the first phase would run as a pilot to deliver 1,400 housing units in the six geopolitical zones in the country.

He added that each zone would have 200 houses, with 100 units in two selected states, maintaining that Abuja and Lagos were to be treated as special sites.

Dangwa, however, explained that Nasarawa State was lucky to be one of the two states picked in the North-Central geopolitical zone due to its commitment to the National Housing Fund scheme, among other reasons.

“The programme is designed to be implemented in phases. What we are witnessing today is the first phase to be run as a pilot to deliver 1,400 housing units across the six geopolitical zones in the country. Abuja and Lagos are to be treated as special sites,” he stated.

The FMBN boss explained that the houses would be in three, two and one-bedroom semi-detached bungalows and block of flats, and would cost between N3m and N8m, adding that the project would be completed within six months.

Dangiwa, however, stated that the housing designs and bill of quantities were directly commissioned by the bank to ensure that the profit motive was suppressed and handed to participating developers, who were willing to accept the template, stating that the template had given them the leverage to ensure that the selling prices for the housing units would be between N3.1m and N8.3m.

Earlier, the Nasarawa State Governor, Tanko Al-Makura, commended the FMBN for considering the state to begin the housing project, adding that his administration was committed to supporting the project to completion.

He urged workers to key into the affordable housing project.

On his part, the National President, NLC, Ayuba Wabba, applauded the bank for its foresight in providing houses for civil servants in the state.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]; Tel: +2347065163489.

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