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Tag Archives: NHF

Federal Government to build 150 housing units in Ondo

Federal Mortgage Bank of Nigeria

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 ...

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105 Naval Officers to Benefit From N620 Million Mortgage Scheme – FMBN

105 Naval Officers to Benefit From N620 Million Mortgage Scheme - FMBN

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 ...

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REDAN advocates housing for ‘common people’

common people displaced

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 ...

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Housing is one of man’s key needs. Most people would like to own their own houses. Unfortunately, there are far too many obstacles stifling the achievement of this dream of owning their own homes. In spite of Nigeria being Africa’s largest economy with a GDP of $510 billion, the housing and construction sector accounts for only 3.1% of the rebased ...

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HOUSING: FMBN approves mortgage loan for RSL

Resort Savings and Loans Plc says it has secured the Federal Mortgage Bank of Nigeria’s approval for N1.5bn mortgages for more than 125 beneficiaries under the National Housing Fund Scheme. According to the mortgage bank, this comes amid the struggle by the nation to tackle the challenge of providing affordable housing for its citizens. A statement from the company quoted ...

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HOUSING: FMBN gets 10,596 applications for N48b NHF Loan

IN a fresh move to provide housing for Nigerians, the apex mortgage institution – Federal Mortgage Bank of Nigeria [FMBN] plans to provide National Housing Fund (NHF) loan to 10,596 applicants, worth about N48 billion. FMBN Managing Director, Mr. Gimba Ya’u Kumo, announced the new funding last week during the NDIC year 2014 Sensitization Workshop for operators of Primary Mortgage ...

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