FMBN facilitates housing schemes in Anambra N500m project takes off in June vanguardngr.com vanguardnews
An executive director with the bank, Mr. Melville Ebo, who hinted on the proposed schemes when he led officials of FMBN for an interaction with the managing director of Anambra State Housing Corporation, Mr. Willie Okafor in Awka, said the state was qualified for the schemes because it is up to date with contributions of the National Housing Fund, NHF, for the development of housing schemes.
Among the housing programmes likely to take off in the state in the near future are the Cooperative Housing Scheme in which 50 houses expected to cost N500 million at N10 million for each unit and the Home Renovation Programme in which loans that would attract six per cent interest, would be given to workers to renovate and upgrade their existing houses.
He recalled that Anambra State Government received a disbursement of N200 million in 2007 for the cooperative housing project, adding, however, that because the project was not implemented as required, the incumbent governor of the state, Chief Willie Obiano, refunded the money, thus qualifying the state to benefit fully from the N500 million project.
“The housing projects are for every Nigerian and our expectation is that everybody should benefit from it. We expect our projects to be sited in areas that workers can transport themselves easily to work.”
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