FMBN, Niger Govt Partner To Address Housing Deficit

Gov. Mohammed Bago of Niger on Wednesday pledged to partner with the Federal Mortgage Bank of Nigeria (FMBN) and other relevant agencies to address the housing deficit in the state.Bago made the pledge when he received the FMBN managing director, Shehu Usman Osidi, and his team in Government House, Minna.

Speaking on Wednesday in Minna, the governor urged financial institutions to select viable sites for housing development to ensure effective service delivery.

On the funds allegedly owed to the bank, Bago said his administration had created a sinking fund upon assumption of office to gradually clear the debt.

He appreciated the visit of the FMBN’s management team, and assured them that the state government would investigate the alleged debt to obtain full details.

In his remarks, Osidi expressed the bank’s commitment to strengthening institutional partnerships with the Niger Government to promote affordable home ownership for Nigerians.

He revealed that the bank had financed and delivered over 700 housing units through 12 different projects valued at N3.7 billion.

Osidi further disclosed that the bank was offering two housing projects to the state for outright purchase, aimed at providing immediate housing solutions for the state’s workforce.

He also noted that over N2 billion had been disbursed to 2,420 civil servants in the state through the home renovation loan scheme.

Additionally, he highlighted several other housing initiatives tailored to meet the needs of low- and middle-income earners.

Osidi reaffirmed FMBN’s commitment to partnering with governor Bago’s administration in realising its vision of improving the living standards of Niger residents. (NAN)