Tag Archives: Housing Scheme

The managing director of Federal Mortgage Bank of Nigeria (FMBN), Mr Gimba Kumo yesterday told the Senate that commercial banks and insurance companies have defaulted payment of their contributions to housing scheme for 24 years. He called for the recapitalisation of the mortgage banks to N250 billion to further empower the banks to meet the housing challenge in Nigeria. The ...

Governor Ifeanyi Ugwuanyi of Enugu State has affirmed his readiness to engage the Federal Mortgage Bank in a strategic partnership to actualize his administration’s drive to provide houses to the state’s workers. The governor disclosed that he had already approved extension of his housing scheme programme for workers to local government council to enhance the living standard of workers in ...

In an interview with leadershipng correspondent, the factional president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Elder Chinedu Okoronkwo, gives a detailed background into the association’s lingering leadership crisis. He also cleared the air on allegations surrounding its proposed housing scheme. Read excerpts below: There is also an allegation that your housing scheme is fraudulent? When we came on ...

Selection of the site is, arguably, the single most important consideration in the process of providing housing. Factors such as the location, size and accessibility of a site and its proximity to amenities and services are important to the future development of a self-sustaining community. In the wider context, any new housing development will have a significant impact on the ...

The project located on Ibuzu area of the state; designed for civil servants and kick- started by Governor Emmanuel Uduaghan in August last year was billed for completion before his exit date, however, Paucity of funds may stall the completion of the 150 units low-cost housing project in Delta State. Work was abandoned on the project in November last year after ...

The Trade Union Congress (TUC) on Wednesday urged the President-elect, Maj.-Gen. Muhammadu Buhari, to address the plight of workers in the country. Mr Ifeanyi Okechukwu, the Chairman of TUC in Anambra, made the call in an interview with the News Agency of Nigeria (NAN) in Awka. The labour leader called on the president-elect to make the National Housing Fund useful ...

The Minister of Finance, Dr. Ngozi Okonjo-Iweala, recently revealed that 33 Nigerians have benefited from the Federal Government’s housing programme under the mortgage refinancing scheme. The Minister also added that 9,667 people had also been cleared as eligible to benefit from the scheme. The minister said this while presenting a speech at the Caritas Nigeria Forumon Tuesday in Abuja. In ...

Apparently disappointed over inability of the leadership of Nigeria Labour Congress (NLC) to deliver houses to them, the President, Comrade Abdul Waheed Omar, was ambushed by angry workers last week in Abuja. The incident occurred at the political debate organized by the congress ahead of the delegates meeting coming up today, where elections for new executive members would be discussed. ...

In a bid to boost the housing stock in the country, the Federal Housing Authority (FHA) has entered into agreement with the Federal Road Safety Corps (FRSC) in the provision of affordable housing for its workers. Under the deal, FHA will drive the implementation of its One-Man-One House policy for the staff of the organisation and meet the peculiar needs ...

Federal Road Safety Corps has concluded plans to construct 20,000 housing units across the country for its personnel under a housing scheme tagged “Vision 20,000 housing project.” Making the disclosure recently, while receiving the management team of the Federal Mortgage Bank, the Corps Marshal, Boboye Oyeyemi, reiterated that the housing initiative was informed by the need to provide the required ...