Tag Archives: rent-to-own housing scheme

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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 ...

No fewer than 50,000 members of 800 co-operative societies have indicated interest in the Social and Co-operative housing programme of the Federal Housing Authority (FHA). Similarly, FHA is working with State governments towards the implementation of a rent-to-own housing scheme, which would convert rents paid by tenants for the eventual ownership of such houses. The Managing Director/Chief Executive of the ...