FMBN, FHA set to sign MOU for 1 million units
The Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA) are set to sign an Memoradum of Understanding (MOU).
affordable housing unit
According to The Guardian, the purpose of this MOU is to provide affordable houses.
During a working visit of the management of the FHA to FMBN, the FMBN’s Acting Managing Director/Chief Executive, Mr. Richard Esin, revealed the dynamics of the collaboration.
ADVERTISEMENT
Mr Esin said the bank would provide funding for the houses, while the FHA would provide the land.
The collaboration will provide affordable houses through on-going housing schemes such as the Accelerated Housing Scheme for selected federal MDAs, the Federal Integrated Staff Housing (FISH) Scheme for federal civil servants.
Once signed, the government will be one less step away from meeting President Muhammadu Buhari’s annual target of delivering one million housing units.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Our government won't blame Buhari for any failure - Shettima
Gov Eno donates 20 patrol vehicles to boost security, protect residents
FG begins 'School-to-Work' to help youths identify life-long skills early
Bandits 'doctor', masterminds of Greenfield University attack, others arrested
Anambra Govt arrests father who marries off underage daughter to a wife beater
Tinubu may return home in commercial plane as presidential jets are still faulty
Wike plans to use drones to fight insecurity, enhance security in FCT
Ogun assembly calls on Govt to take urgent action against rising cult violence
Federal Government vows to eradicate open defecation by 2025
ADVERTISEMENT