The Minister of Works and Housing, Babatunde Fashola, affirms that Nigeria’s building experts, which include surveyors, architects, and construction companies, have benefited financially from the housing programmes established by the current administration. Contrarily, numerous housing projects installed throughout the country have helped many individuals and businesses stay above tumultuous economic times, said Fashola.
Fashola made this remark while inaugurating the FMBN – I – CONNECT Housing Estate in Enugu State, where he confirmed the government’s determination to lift people out of poverty. Even as the Managing Director/Chief Executive of FMBN, Madu Hamman, confirmed that the bank had to spend N7.7bn in 11 different housing projects, including 1,571 housing units in Katsina State.
FMBN financed the 404 housing units with 80 semi-detached bungalows, a combination of 2- and 3-bedrooms, under the Ministerial Pilot Housing Scheme, while the Federal Ministry of Works & Housing collaborated in the venture. The project also includes 69 housing units in Funtua for Medical and Health Workers Union of Nigeria and 54 housing units each in Mulunfashi and Kankia for the same union.
Madu Hamman, who was represented by the Executive Director of Loans and Mortgage Services, Lukman Mustapha, said: “Eleven other housing projects located across the state have also been financed and successfully delivered by FMBN under our various loan windows, in addition to the four projects we are inaugurating today, with the bank committing more than N7.7bn to deliver 1,571 housing units.”
According to Group Head, Corporate Communications, Timan Elayo, the projects financed by FMBN in Katsina State is a testimonial to the unique spot the state occupies in the NHF scheme due to its unqualified support for the programme. He further expressed his excitement that the connection between FMBN and the state would continue to be of mutual benefit.
