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Tag Archives: FMBN

NIESV calls for the dismantling of Ministry Of Power Works and Housing

NIESV

According to the President of Nigerian Institution of Estate Surveyors and Valuers (NIESV), Roland Abonta, the efforts by President Buhari’s administration in its first four years didn’t meet the targets in housing mostly because of the merging of Power, Works and Housing as one ministry. While speaking with Newsmen, the Estate Surveyor said that, ‘’what has happened in the last ...

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Ogun has largest number of funded estates in South-West —FMBN

Ogun

Ogun State has the largest number of funded estates in the entire southwest, the Managing Director of Federal Mortgage Bank of Nigeria, Mr. Ahmed Dangiwa, has said. Dangiwa made this known at an enlightenment programme for the re-admission of Nigeria Union of Local Government Employees and members of the Nigerian Union of Teachers into the National Housing Scheme in Abeokuta. ...

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Expert says FG must subsidise housing to bridge deficit

housing

An investment banker, Prof. Charles Inyangete has advised the federal government to subsidise mortgage financing in order to enable Nigerians have access to affordable housing as well as bridge the current housing deficit. He said this became necessary given that the current environment does not support single digit interest rate. Speaking in an interview at the recent FM Forum 2019, ...

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FMBN disburses N58bn loans in 1 year

FMBN

Committed to improving service delivery, the Federal Mortgage Bank of Nigeria (FMBN) has disbursed the sum of N58 billion from April 2017 to March 2019. Providing a breakdown of the disbursement, the managing director / chief executive of the bank, Arc Ahmed Dangiwa said that the amount covered the provision of National Housing Fund (NHF) mortgages to 3,171 workers at ...

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FMBN contributors get over N15bn refund in two years

FMBN

Managing Director of Federal Mortgage Bank of Nigeria (FMBN), Architect Ahmed Musa Dangiwa, has said the bank has in two years, made a refund of over N15 billion to contributors of the National Housing Fund (NHF) who retired or resigned. Arc. Dangiwa said this when officials from Media Trust Limited, publishers of the Daily Trust and other titles, led by ...

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FMBN facilitates housing schemes in Anambra

FMBN

As part of efforts to provide decent and affordable houses for all categories of Nigerians, the Federal Mortgage Bank of Nigeria, FMBN, has concluded plans to collaborate with the Anambra State Housing Corporation for the take-off of some of its programmes in the state. An executive director with the bank, Mr. Melville Ebo, who hinted on the proposed schemes when ...

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Affordable housing: FMBN launches rent-to-own scheme for workers

rent-to-own

Amidst growing concern that the efforts of government agencies to tackling housing deficit in the country is grossly insignificant, the recent launch of the rent-to-own housing scheme by the board of the Federal Mortgage Bank of Nigeria, (FMBN) may make housing more affordable for Nigerian workers who cannot build or buy homes from their meagre income. The scheme is seen ...

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FG will tackle 17m housing deficit – FMBN chairman says

FMBN

The Federal Government is determined to address the 17 million housing deficit in the country, Dr. Wale Adeeyo, the Chairman of the Federal Mortgage Bank of Nigeria (FMBN) has said. The FMBN boss, who gave this hint during an exclusive interview with our correspondent in Lagos, observed that, “The 17 million housing deficit has been there for a while and ...

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HOS plans to adopt FMBN’s rent-to-own housing scheme in FISH programme

rent-to-own

Office of the Head of Service of the Federation (OHOSF) is to adopt the rent-to-own housing scheme developed by the Federal Mortgage Bank of Nigeria (FMBN) for allocation of houses under the Federal Integrated Staff Housing (FISH) programme to federal civil servants. The Head of Service of the Federation, Mrs. Winifred Oyo-Ita disclosed this at the public presentation of FISH ...

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Nigerian workers get over N190b mortgage loans in 20 months

Mortgage loans

Managing Director of Federal Mortgage Bank of Nigeria (FMBN), Ahmed Dangiwa, on Wednesday, revealed that a sum of N193.4 billion mortgage loans had been disbursed to 18,935 Nigerian workers. Dangiwa, who stated this, in Abuja, at the launch of FMBN’s digital platforms, noted that this was done in collaboration with Nigerian Labour Congress (NLC), Trade Union Congress (TUC) and Nigeria ...

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