FMBN Partners MFF On Affordable Housing

The Federal Mortgage Bank of Nigeria (FMBN) has unveiled plans to collaborate with Millard Fuller Foundation (MFF) to provide affordable housing to low income earners in the country.

The Acting Managing Director of FMBN, Mr Richard Esin disclosed this in Abuja, yesterday during the 10th Anniversary of the foundation, on the sideline of the 10th Abuja Housing Show, organised by FESADEB Communications with the theme,” Expanding Access To Affordable Housing in Nigeria”.

He commended the foundation for its intervention which he said had drawn significant technical support to Nigerian housing sector, with a promise to key into their mass housing model.

According to him, “They have demonstrated that it is possible and profitable to provide affordable housing to low income earners and by partnering with them, we can further explore possibilities to further reduce cost of housing to N1 million and below.

Esin assured that FMBN is willing to work with MFF and other key players in the sector to address the huge housing challenges in Nigeria.

Also speaking, the Chairman of Millard Fuller Foundation, Pastor Solomon Yero said the organisation is striving to make definite contribution by ensuring that every Nigerian have access to affordable housing with the introduction of Grand Luvu Estate Masaka.

On his part, the National Director of MFF, Mr Sam Odia maintained that Capital market should be integrated in the sector if the stakeholders are keen on developing the required number of houses needed in Nigeria.