The Federal Mortgage Bank of Nigeria has announced intentions to open 1,071 finished homes at eight project locations throughout the nation.
These include the states of Akure, Ondo, Yola, Adamawa, Katsina, Abakiliki, Ebonyi, Damaturu, Yobe, Sokoto, Maiduguri, Borno, and Kogi.
In a statement released by the FMBN Group Head of Corporate Communications, Timan Elayo, on Tuesday, the FMBN Managing Director, Hamman Madu, stated that the housing units are a part of the more than 3,560 dwellings under phases one and two of the national affordable housing delivery program.
He claims that the bank, the Nigeria Labour Congress, the Trade Union Congress, and the Nigeria Employers’ Consultative Association collaborated on the housing program.
According to Madu, the goal of the partnership was to construct and provide good, secure, and high-quality housing for Nigerian workers at a cost they could afford.
“We are excited at the progress that we have made on the national affordable housing delivery programme. Indeed, it is a historic initiative as it marks the first time that FMBN and the organised labour and NECA are working together on the basis of a realistic and acceptable framework for delivering affordable housing to Nigerian workers,” Madu said.
He continued by saying that because of the stakeholders’ input and participation in the project design, the plan is a useful tool that would produce affordable housing for workers.
