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Tag Archives: Federal Government

Nigerian govt provides N500 billion to FMBN for mortgage facilities

Nigerian govt provides N500 billion to FMBN for mortgage facilities

Premium Times reports that the Federal Government says it has provided N500 billion to resuscitate the Federal Mortgage Bank of Nigeria, FMBN, to make mortgage facilities easily available to Nigerians. Mustapha Baba-Shehuri, the Minister of State for Power, Works and Housing, announced this in Lafia on Monday when he called on the Nasarawa State Deputy Governor, Silas Agara. The News ...

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Federal Housing: Allottees protest alleged resell of plots of land

Federal Housing: Allottees protest alleged resell of plots

“Federal Housing Estate allottees in Abia on Thursday, protested against an alleged re-sell of their plots of land at the ministry’s housing estate located at Amakama, near Umuahia, the state capital.”- The News The allottees, operating under the aegis of Federal Housing Allottees Association, gathered in their numbers at the World Bank Housing Estate, from where they marched to the ...

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FMBN Spends N1.4bn In Niger

Wemabod launches N3 billion Unity House redevelopment

“The Federal Mortgage Bank of Nigeria (FMBN) says it has spent N1.4bn for the development of 379 housing units in Niger State, as part of effort to bridge the 17 million housing gap in the country. Minister of State for Power, Works and Housing, Alhaji Mustapha Baba Shehuri who stated  this at the commissioning of the FMBN and Sea Mountain ...

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Ex-MD drags FG to court over coal corporation property

How Ex-Naval Chief, used family company to acquire N600m property

According to Daily Post, a former Managing Director of the Nigeria Coal Corporation, NCC, Sir Evarist Ibe has nursed fears over plans to eject him from his residence. He has therefore, dragged four agencies of the Federal government with its consultant, C.A Chizea & Co to the National Industrial Court Enugu division, for government’s inability to include him in the ...

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Federal Housing Scheme: FG pledges equal Opportunities for all Nigerians

Fashola and federal housing scheme

According to Leadership, the federal government has pledged that the housing units to be built under the Federal Housing Scheme (FHS), will be allocated to all Nigerians, irrespective of their states’ of origin and economic status in society. Minister Of Power, Works and Housing, Mr Babatunde Fashola made the pledge yesterday in Maiduguri while speaking to newsmen shortly after inspecting ...

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FG mulls workers’ estates as developers unveil mass-housing projects

17 million housing deficit

The Federal Government has concluded plans to float a mass-housing scheme for public sector workers in states in order to reduce the housing problem in the country. “Coming under a public private partnership, implementation of the scheme has reached an advanced stage. The project will be completed in the next three years.”- The Guardian Minister of State for Power, Works and ...

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TUC lauds Nigerian govt on 10 per cent housing equity waiver

TUC lauds Nigerian govt on 10 per cent housing equity waiver

“The Trade Union Congress, TUC, has commended the Federal Government on waiver of the initial payment of 10 per cent housing equity on mortgages below N5 million from housing off takers. Bobboi Kaigama, TUC, President gave the commendation on Monday in an interview with the News Agency of Nigeria in Abuja. The Federal Government had recently approved that henceforth mortgages ...

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Federal Government set to provide affordable housing in Nasarawa

Housing units in nassarawa

The Federal Government is committed to providing affordable housing to cover up for housing deficit in the nation.  According to Channels Television, the Minister of State for Power, Works and Housing Mustapha Baba Shehuri stated this while commissioning 205 housing units at Karu in Nasarawa state which was financed by the Federal Mortgage Bank (FMB) through the National Housing Fund. ...

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2017 BUDGET: FG to spend N2.3bn on frivolous maintenance services

2017 budget

According to Vanguard, the Federal Government will spend the sum of N2,278,074,420 on unspecified maintenance services, this year, going by some proposals in the N7.298 trillion 2017 Appropriation Bill currently being considered by the National Assembly. The figure is the summation of allocations to ‘’Other Maintenance Services’’ (OMS) by various ministries, departments and agencies of the Federal Government. With the ...

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FG approves 10% waiver on housing mortgages below N5m

FG waives 10% payment on housing mortgages below N5m

“As a demonstration of its commitment to provide affordable housing to Nigerians, especially the low income earners, the Federal Government has approved 10 percent waiver on housing mortgages below N5million for Nigerians”- reports Vanguard According to Vanguard, Minister of State for Power, Works and Housing, Mr Mustapha Baba Shehuri, announced this during the commissioning of a 125-unit housing estate being ...

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