The Federal Mortgage Bank of Nigeria (FMBN), said it has disbursed about N238billion in 27 years, which has helped to construct and deliver 7,740 housing units in the country. MortgageBank Nigeria
Commissioning of the 154-unit Woodhill housing estate in Kuje, Abuja. The estate was funded by FMBN to the tune of N498M through a partnership with Akacare Multipurpose Cooperative Society. Photo: TWITTER/FEDMORTGAGEBANK
The Managing Director, FMBN, Ahmed Dangiwa, who stated this yesterday, at the flag-off of FMBN/Woodhill Housing Estate in Kuje, said the scheme has become a reality in partnership with Akacare Cooperative Society. “This is a socio-economic contribution to open up the area for real estate developers. We’ve revamped Cooperative Housing Development Loan so that members can approach banks for loans to construct houses.”
Earlier, Chairman, Perfect Estate Developers Limited, Dayo Babatunde, said the scheme demonstrates government’s commitment to the provision of quality housing to citizens.
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