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FMBN, Labour stakeholders flag off N10b housing units for workers in Kogi

Federal Mortgage Bank of Nigeria (FMBN) under the aegis of National Affordable Housing Delivery Programme( NAHDEP) in collaboration with labour stakeholders in the country have flagged off a N10 billion housing projects for workers in Kogi State.

Addressing the stakeholders in Lokoja on Thursday during the groundbreaking ceremony of the scheme, the Managing Director/Chief of executive of FMBN, Arch. Ahmed Dangiwa said the event represents one of the series of flagging off ceremonies for the commencement of collaborative housing projects for Nigerian workers that are contributors to the National Housing Fund(NHF).

He said the journey towards this collaborative arrangement started in 2013 in the fulfilment of the bank’s corporate strategy of building productive synergies with critical stakeholders to boost the provision of affordable housing in Nigeria.

Explaining further, Arch. Dangiwa added that in pursuance of this vision, a joint implementation committee was set up involving the FMBN, the Nigerian Labour Congress (NLC), the Trade Union Congress (TUC) and the Nigerian Employers Consultative Association (NECA) to evolve a concept for the development and delivery of affordable housing to Nigerian workers.

Dangiwa who said this endeavour has resulted in the birth of the National Affordable Housing Delivery Programme, said through programme, the bank will be delivering 100units of houses in each state of the federation in a mix of 3, 2 and 1 bedroom semi detached bungalows and blocks of flats, with a strong focus on affordability and adjustments to suit location peculiarities.

While he said the selling prices for the housing units range between N3.1m to N8.3m, Arch Dangiwa stressed that once the houses are built, FMBN will provide mortgage loans through selected Primary Mortgage Banks to Nigeria workers who are contributing to the National Housing Fund to enable them purchase the houses, and repay over a maximum period of 30years.

In his remarks, Governor Yahaya Bello said the state government has made available 37,000 hectares of land for the construction of the affordable housing scheme for workers.

Governor Bello added that the said the scheme is expected to gulp the sum of N10b and to produce 1,200 units of housing for workers in the state.

While commending the Federal mortgage bank for choosing Kogi State as a pilot scheme, he promised to complement their efforts in working towards reducing the cost, so as to alleviate the suffering of workers.

Bello also promised to make the issue of none or irregular payment of salaries to be a thing of the past, in order to avoid default of payment on the part of workers.

Credit: Nigeria Pilot news

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