• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, June 26, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

FMBN Re-echoes Housing Ministry’s Stance On Housing Subsidies

by Bidon Mibzar
12 months ago
in Business
Shehu Usman Osidi

Shehu Usman Osidi

Share on WhatsAppShare on FacebookShare on XTelegram

The managing director and chief executive of the Federal Mortgage Bank of Nigeria(FMBN), Shehu Usman Osidi has highlighted the need for Nigerians to embrace the housing interventions being driven by the Federal Ministry of Housing and Urban Development.

Advertisement

He noted that such interventions in form of subsidies and incentives are necessary tools to address the challenge of affordable housing in Nigeria.

Osidi was leading a session at the Maiden Kaduna International Housing Exhibition held, yesterday at the Umaru Musa Yar’adua Hall, Murtala Square, Kaduna.

The managing director outlined the various efforts put in place by the government through the Federal Mortgage Bank of Nigeria to meet the housing needs of Nigerians within the low and middle income brackets.

He noted that many more incentives in the form of subsidies will be introduced in the coming months and years, urging Nigerians to take advantage of the available options in order to achieve their dream of homeownership.

RELATED

EMERGENCY RULE IN RIVERS… NASS Backs Tinubu, Niger Delta Leaders Kick

Reps Okay N1.13trn Customs’ Budget, Want Excise On Telecomm Services, Others Re-introduced

60 minutes ago
Operator Launches New Container Freight Station At Onne Port

CSR: Onne Multipurpose Terminal Commissions Solar-powered Water Project

3 hours ago

The exhibition was a convergence of key experts in the built industry from across the globe, with a focus on the theme: “Kaduna Sustainable Housing Development – A Model for Northern Housing Reforms.”

Delivering a keynote address at the event, the minister of Housing and Urban Development, Arc. Dangiwa identified lack of access to affordable housing finance as one of the major causes of the housing deficit in Nigeria, revealing that 80 per cent of Nigerians cannot afford mortgage services.

He stressed that governments at all levels must address the issue of affordability in their desire to deliver sustainable housing solutions to the citizens.

Dangiwa stated that almost half of Nigeria’s population of over 201 million are poor and have weak purchasing power, according to statistics.

He said, “On the whole, statistics reveal that Nigeria is a low-income country as it has only 13 per cent of its population as middle class. The recent macroeconomic challenges including inflation have made things worse.”

Earlier in his address, Governor Uba Sani who was represented by his deputy, Dr. Hadiza Balarabe, emphasised the importance of access to safe, affordable, and secure housing as a fundamental human right and a critical sector for preserving human dignity.

He highlighted the state government’s efforts in leveraging local and international investors, social housing schemes, development lease agreements, and public housing corporations to address the housing deficit in the state.

The governor also assured investors of a friendly business environment, robust security, and attractive incentives in Kaduna State, calling on local and international investors to take advantage of the opportunities in the housing sector with promise of a steadfast guarantee of support.

On his part, the Speaker, House of Representatives, Hon. Abbas Tajudeen, represented by the Chairman, House Committee on Housing and Habitat, Hon. Abdulmumin Jibrin, noted that adequate housing is not just a matter of need but a fundamental human right.

“The provision of adequate housing is not just a basic human need but a fundamental right that underpins sustainable development and social cohesion. Sustainable housing development is not just about constructing buildings; it encompasses creating communities that are environmentally friendly, socially inclusive, and economically viable,” he stated.

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: FMBN
SendShareTweetShare
Previous Post

Federal Govt Launches Report On Nigeria’s Informal Economy

Next Post

Customs Operation Whirl Wind Intercepts N55.7m Smuggled Items In Kebbi

Bidon Mibzar

Bidon Mibzar

You May Like

EMERGENCY RULE IN RIVERS… NASS Backs Tinubu, Niger Delta Leaders Kick
Business

Reps Okay N1.13trn Customs’ Budget, Want Excise On Telecomm Services, Others Re-introduced

2025/06/26
Operator Launches New Container Freight Station At Onne Port
Business

CSR: Onne Multipurpose Terminal Commissions Solar-powered Water Project

2025/06/26
UNDP, FCMB, CEFTER Support 25 Agritechs In AgroHack Challenge
Business

UNDP Commits $50,000 To Support Nigeria’s Nature-positive MSMEs

2025/06/26
Ministers To Lead Discussion On Nigeria’s Energy Transition
Business

FG Explores Interventions To Stabilise Gas Supply, Power Tariffs

2025/06/26
Mixed Performance On Equities Expected This Week
Business

Stocks Sustain Gains, Rise By N1.185trn As ASI Crosses 120,000 Points

2025/06/26
Abia To Get Smart City
Business

Experts Predict Quantum Leap In Abia North District’s GDP

2025/06/26
Leadership Conference advertisement

LATEST

Makinde Renames Ibadan Poly After Late Ex-Gov Olunloyo

BSFA Boss Urges Local Football Chairmen To Uncover Talents

Bendel Insurance Appoints New Management Team

We Are Ready To Host CAA U18/U20 Championships – LOC

17 States Confirm Plans To Host Olympic Day

PFL African Event: Ukah Eyes Thrilling Debut Against South African Ceileigh

5 Nigerians Arrested For ‘Operating Prostitution Ring’ In Libya

NDLEA Seizes 1,205kg Illicit Drugs, Arrests 127 Suspects In Bauchi

Remi Tinubu Seeks End To Drug Abuse, Organised Crime

UK Charity: 6m Donkeys Killed Annually For Chinese Medicine

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.