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FMBN flags off construction of 200 housing units in Katsina

The federal government through the Federal Mortgage Bank of Nigeria (FMBN) in collaboration with the Nigeria Labour Congress (NLC) and other affiliated unions in Nigeria Saturday flagged off the construction of 200 housing units in Katsina State.

This was even as FMBN said it has committed N1.9 billion through its Estate Development Loan (EDL) to construct 492 housing units situated in estates across the state through selected developers.

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The 200 housing unit project is part of federal government’s effort at providing affordable houses to its workforce across the country via the National Affordable Housing Delivery Programme (NAHDEP).

Speaking at the ground breaking ceremony at Kambarwa, in Batagarawa Local Government Area of the state, the Managing Director of FMBN Ahmed Dangiwa said the houses when completed would be in the selling range of between N3.1 million to N8.3 million.

According to Dangiwa, “The housing units would be in the mix of three, two, one bedroom semi-detached bungalows and block of flats that can assuage the sufferings of the beneficiaries.

“The Katsina project is the first phase of the NAHDEP which is to be run as a pilot to deliver 1,400 housing units across the six geopolitical zones in the country.”

Dangiwa reiterated that each zone would have 200 houses with 100 units in two selected states, adding that Katsina is one of the benefiting states due to its tremendous contributions to the National Housing Fund (NHF).

On his part, the state Governor Aminu Bello Masari said the state in collaboration with stakeholders, constructed 500 housing units in line with the culture and religion of people in the state.

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“We are also planning to construct hundreds of housing units in seven old local governments of the state,” he said.

The event climaxed with the distribution of N266.5 million cheques to 318 beneficiaries under the FMBN Home Renovation Loan.

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