Tag Archives: FMBN

The National Insurance Commission (NAICOM) and the Federal Mortgage Bank of Nigeria (FMBN) have agreed to collaborate to insure all mortgages in the country. The partnership, if implemented, is expected to deepen insurance penetration and provide the much needed funds required by the National Housing Fund (NHF) to enable it bridge the country’s housing deficit. To achieve this, both regulatory ...

As part of efforts in making houses affordable for Nigerians, the Federal Government has commenced the construction of 150 units of two and three-bedroom flats in Akure, the Ondo State capital. The project, which is being handled by Meadville Building and Construction Company, is expected to be completed within the next three months. Speaking during the inauguration of the programme, the ...

About 105 naval personnel contributing to the National Housing Fund ( NHF) would benefit from mortgage scheme set aside by the Federal Mortgage Bank of Nigeria (FMBN) to facilitate home ownership in Nigeria. The Managing Director/Chief Executive Officer of FMBN, Mr. Gimba Ya’u Kumo stated this Wednesday when he led a management team on a courtesy visit to Defence Headquarters ...

The Federal Mortgage Bank of Nigeria, FMBN, is set to engage with the 774 local government areas in the country on how best the bank’s housing initiatives can be extended to them. Managing Director, FMBN, Mr. Gimba Yaú Kumo, who disclosed this in an interview with a news portal, listed various ways of addressing the housing deficit in the country. ...

The Federal Mortgage Bank of Nigeria said on Friday that the monthly contributions to the National Housing Fund by civil servants were inadequate to guarantee full and prompt access to the housing loans (funds) by contributors.   The FMBN’s Managing Director, Gimba Ya’u Kumo, stated this in an interview with the News Agency of Nigeria in Abuja.   Kumo urged ...

Mr. Gimba Kumo, Managing Director, Federal Mortgage Bank of Nigeria (FMBN), said 17 to 20 million housing units were needed to address the housing deficit in the country. Kumo said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. He also listed ways of addressing the housing deficit in the country. “We are all ...

The Federal Mortgage Bank of Nigeria (FMBN) said  it would commence “ Rent-to-Own ” scheme to ease the housing challenges in the country. Mr Gimba Ya’u Kumo, the Managing Director of the bank, told newsmen in Abuja that the “Rent to Own’’ scheme was mainly for Nigerians who could not afford mortgages. “For Nigerians that cannot afford mortgages, the way ...

THE National President, Real Estate Developers Association of Nigeria, REDAN, Rev. Ugochuckwu Chime has appealed to President Muhammadu Buhari to develop a new housing policy which will enable the common people, (the Talakawas) who voted him into power to have their own houses. The REDAN boss who made the appeal  at the end of a one-day multi- stakeholders interactive workshop ...

The Federal Mortgage Bank of Nigeria (FMBN) has moved to increase access to housing as it works at reducing the country’s 17 million housing deficit. The Managing Director of FMBN, Alhaji Gimba Ya’u Kumo has unveiled an initiative that would increase access to the National Housing Fund (NHF). The initiative called FMBN Home Renovation Loan (FHRL) is part of deliberate ...

Housing sector plays a critical role in the development of an economy. It not only affects the welfare of the citizens but also the performance of other sectors of the economy. It is one of the three most important basic needs of man, the others being food and clothing. Consequently, greater attention is being given by governments in the delivery ...