In a move to address Nigeria’s growing housing deficit, particularly in Benue State, Shehu Usman Osidi, Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), has committed to providing substantial funding for housing initiatives spearheaded by the Benue State Government.
Osidi made this commitment during a recent technical visit from Tiza Isaac Imojime, the Benue State Commissioner for Works, Housing, and Urban Development, at the FMBN corporate headquarters in Abuja.
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Osidi highlighted that the bank is not only ready to support new housing projects but also plans to offer existing housing stocks at discounted rates to Benue State residents. This initiative is in recognition of Governor Hyacinth Alia’s proactive stance on housing development in the state. The FMBN aims to tackle the housing deficit through collaborations with state governments and other key stakeholders.
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During the meeting, Imojime updated Osidi on the positive changes under Governor Alia’s administration, including the timely payment of salaries to state civil servants. This development has significantly boosted the purchasing power of contributors to the National Housing Fund, enhancing their ability to acquire housing stocks.
Imojime also emphasized the importance of including a significant number of Benue civil servants in the FMBN’s Home Renovation Fund and expressed gratitude for the bank’s efforts in facilitating access to housing programs for Nigerians.