Buhari targets completion of 100 housing units per state in Dec 2019 -FMBN MD


The Managing Director/Chief Executive Officer, Federal Mortgage Bank of Nigeria (FMBN), Architect Ahmed Dangiwa has announced the commitment of President Muhammadu Buhari-led administration to complete 100 housing units per state by December 2019.

Speaking in his remark to the presentation of Nigerian NewsDirect award of excellence as ‘Real Estate Personality /Banker of the Year’, the FMBN boss noted that part of the mortgage Bank major focus this year is to ensure that before the end of 2019, states of the federation have at least 100 affordable housing units of one to three bedroom for workers in the federation.

He noted that the new housing units would be built by the new management of the FMBN.

He explained that the project is being executed in collaboration with the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC), having the control of workers and the National Housing Fund (NHF).

According to him, the bank has a cooperative loan scheme which has started in full swing.

In his words, “Most of the organizations have approached us to support their cooperative societies so that their members will enjoy mortgage for the houses built by Federal Mortgage Bank of Nigeria.

“These are part of what we are doing currently apart from the ongoing projects which we are trying to complete all of them to ensure that we create mortgage for all the houses.

“On NHF loans, we have devised another means of creating consumption loans to individuals who have their own plots of land fully designed. They can bring their own design with CofO.

“We create this consumption loans to individuals to build their houses not only in the capital cities but even in their villages once the Certificate of Occupancy ( CofO) is verified. We also create mortgages for those houses we have built.

“For contributors, we have improved our services to ensure that the we are accountable to the contributors and the monies are transparent.

“Every contributor is expected to receive an alert of what he has contributed  monthly once we received the telephone number of the contributor through  our NHF *219# which is an APP we have just launched, the contributor can even know how much he has contributed so far. Many people have keyed into it and it is making contributors to know how much they have contributed into the fund.”

While commending Nigerian NewsDirect award, he said, “For us to be recognized within this target of low and middle level income earners, it is a Privilege to receive this honour from Nigerian NewsDirect Publisher as the Real Estate Personality & Banker of the Year.

“We thank you for this award as a recognition of the effort of the management  in effective  implementation of  President Muhammadu’s Buhari mandate in provision of  affordable housing to all Nigerians.

“We will do more as a management team with this recognition award and we are determined to do our best for the implementation of President Muhammadu’s mandate of providing affordable housing to every Nigerian.”