Nigeria: FMBN to Remove Equity Payment in Estates

In its determination to guarantee affordable housing to Nigerian workers, the Federal Mortgage Bank of Nigeria (FMBN) has vowed to remove equity payments in its completed estates across 10 states that would be used as a pilot project for soon to be launched rent-to-own scheme.

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The managing director of FMBN, Ahmed Musa Dangiwa, an architect, stated this in Abuja while receiving eight-man delegation from the Nigeria Institute of Management (NIM) led by its president, Prof. Olakunle Iyanda.

According to him, “They (beneficiaries) will enter into the house as a tenant, while paying the rent and it will become theirs over the years”.

He noted that the bank has continued to sponsor it’s staff to NIM professional development programmes yearly and would continue with the trend in order to enrich the bank human resources.

The MD revealed that the bank was established by an act to provide affordable mortgages that would boost home ownership among Nigerian workers particularly the low and medium income earners that constituted over 80 percent of the population.

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“Its been done through the National Housing Fund (NHF) scheme into which workers mostly in public and private sector contribute 2.5 percent of their monthly income into the fund”.

Dangiwa emphasised that the bank has continued to provide affordable mortgages to workers and construction finance to some developers for housing development through the scheme.

He was optimistic that the NHF which he described as individual mortgage loans are granted at 6 percent interest rate, considered as the lowest and most affordable in the country.

“We have the FMBN home renovation loan with liberalised conditions for easy access by workers which is being run now of which workers are given a minimum of N1million to renovate or upgrade their homes”.

The MD urged NIM members to take advantage of the banks mortgage products so as to act as good ambassadors of FMBN.

He was hopeful that the institute would continue to uphold the standards for which it has been known over the year even as he assured of FMBN commitment towards the sustanance of mutually beneficial realtionship between the two organisations.

Responding, the president of NIM, Prof. Olakunle Iyanda said that the institute is ready to contribute its quota towards enhancing the success story of the bank through the training programme offered to FMBN staff.

He however invited FMBN to join NIM as a corporate member just as he appealed to the bank to pay the annual subscription of its staff who are members of NIM.

“We want to establish the mutually beneficial relationship to participate in the training of your staff periodically either as nominees to various training programmes that we run or as facilitator for your internal programmes for selected group of staff in the bank”, he concluded.

World Bank begins preparation for Nigeria’s $500m power distribution project

Okechukwu Nnodim, Abuja

The World Bank has commenced preparations for the $500m Nigerian Electricity Distribution Improvement Project.

It was learnt that the bank had conducted a fact-finding mission in the distribution sub-sector of the industry in order to ascertain how it could help boost service delivery by the power distributors.

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Documents made available to our correspondent in Abuja on Sunday on Nigeria’s Power Sector Recovery Programme revealed that the global financial institution had met with officials of the Federal Ministry of Power, Works and Housing and other operators in the sector as regards the development.

The PSRP, which is domiciled at the headquarters of the Nigerian Electricity Regulatory Commission, stated, “The World Bank conducted a fact-finding mission that would foster project development for the distribution sub-sector support.

“World Bank representatives met with stakeholders from the Ministry of Power, Works and Housing, NERC, Ministry of Finance and Bureau of Public Enterprises, in addition to private sector operatives, Discos and commercial bank representatives. The NEDIP is expected to contribute to the operationalisation of the distribution segment under the PSRP.”

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The PSRP also stated that the Nigeria Electricity Transmission Access Project recently got approval for $486m from the World Bank.

It said, “The World Bank has approved a credit of $486m for Nigeria’s electricity transmission substations’ rehabilitation. This is a part of the financial support aimed at achieving a viable power sector through the PSRP implementation.

“The NETAP will also finance the deployment of a functional SCADA/EMS, which is a critical electric management system for grid stability.”

The PSRP also stated that its public sensitisation campaign development was in the final stages.

It said the objectives of the nationwide public awareness campaign was to raise awareness on power sector issues, consumer rights and responsibilities, in addition to key messaging on metering, electricity theft, bill payment, energy efficiency and conservation, power value chain education and the role of Discos, among others.

It further stated that the PSRP implementation monitoring team recently met with officials of the Central Bank of Nigeria, Federal Ministry of Finance, Nigerian Bulk Electricity Trading Company and World Bank representatives for the financial arrangements and implementation of the programme.

UNDP completes 608 houses in Borno community

The United Nations Development Programme (UNDP) has handed over 608 housing units built for Ngwom Community to Borno State government.

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The housing units are part of efforts at rebuilding about 20 destroyed communities by Boko-Haram in 2014 and 2016. About 370 households were affected while 2,300 residents were forced to take refuge in camps in Maiduguri.

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UNDP Resident Coordinator, Edward Kallon disclosed this in Maiduguri at the handing over ceremony in Ngwom. He said because of the commitment to rebuilt Borno State, UNDP, Japan, the Switzerland and other development partners are in Ngwom to give back hope to school boys and girls, including old women in the community.


Speaking on the UNDP integrated rural development, the Commissioner of Reconstruction, Rehabilitation and Resettlement (RRR), Prof. Babagana Umara said the EU has earmarked 20 million euros for rebuilding 20 destroyed communities in the state.

NIESV Pledges Support For Lagos LUC Law

Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos State chapter, has pledged support for the revised Land Use Charge (LUC) law of the state.

Olurogba Orinmalade, chairman of Lagos NIESV, also hailed Governor Ambode’s gesture in slashing the new LUC for commercial properties by 50 per cent.

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During a stakeholders’ meeting at Protea Hotels, Ikeja, Lagos, Orimalade described the Akinwunmi Ambode-led government in Lagos as a listening government and pledged his association’s support for other progressive decisions of the government.

The event was a meeting with professionals in the real estate sector.

“We are committed to working with the present Lagos State administration to make the new law succeed and we have already set up a technical committee to come up, in 10 days, with directions, recommendations and position of the institution on the law in order to collaborate with the government for a better society.”

However, Nigerian Institute of Architects (NIA) called on government to carry stakeholders along in its dealings.

Ifeoma George, NIA vice president, at the meeting described Ambode’s administration as a listening government.

Akinyemi Ashade, the Commissioner for Finance, took the opportunity to further enumerate other reliefs in the amended LUC law.

READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA

He emphasised that the government was open to further discussions on how to solve the challenges plaguing infrastructural financing and investments in Lagos. He also mentioned that there would be no penalty for late payment in the 2018 regime as earlier stipulated.

The amended LUC law is a property tax that consolidates the tenement rate, neighbourhood improvement rate, and ground rent.

Outside of the commercial properties, properties occupied by owners and third party used for commercial purposes will get a further 25 per cent discount, while a wholly owner-occupied property will get an additional 15 per centdiscount as graciously pronounced by the government.

In addition to these, all the other reliefs enumerated at the inception of the amended law remains valid. These include 40 per cent general relief across board, meaning that whatever is the value of the property, 40 per cent will be deducted and the charge will only be calculated on the remaining 60 per cent. For senior citizens above 70 years old, there is an additional 10 per cent discount. For those living with any form of disability, there is also 10 per cent discount, while properties that are 25 years old and above will also enjoy another 10 per cent discount. Above all, payments can be staggered across the year to soothe the economic convenience of the payer.

The commissioner also emphasised that self-assessment of property will be encouraged to help individuals calculate their charges appropriately. They are allowed to use their independent estate valuers to assess their property and bring such discrepancies up to the government for reconciliation.

Everyone present at the meeting agreed and fully appreciated the unparalleled efforts of the state government in turning around the infrastructural fortunes of the state. They pledged their loyalty and support to the government’s efforts towards the Lagos Mega City Drive.

To buttress this point, members of the Estate Agents Association (EAA) present pledged to partner with the state government in advising the landlords to speedily pay the new LUC.

The meeting also had in attendance professional bodies like Faculty of Estate Agency and Auctioneering, International Real Estate Federation, Association of Builders and Property Developers, and Association of Town Planners.

CEOs FORUM AT THE 12th Abuja International Housing Show

The need for industry unity has never been more important. Increasing competition among stakeholders, industry disruption, consolidation and outdated, inefficient regulations and public
policies demand CEO discussion and alignment. Before now, no such forum had existed to discuss these matters.

It is for this reason, therefore, that the CEOs Forum at the 12th Abuja International Housing Show on July 16, 2018 will provide a platform for the highest-ranking executives of Real Estate, Mortgage and Banking to discuss best practices related to inclusive employment and retention strategies, increasing affordable housing delivery, brand loyalty, diversity in governance, philanthropy and the importance of the Real Estate Industry to Corporate Nigeria.

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The invitation only event will have in attendance chief executive officers and their executive management teams — as well as industry thought leaders — who will meet and exchange perspectives on the Real Estate and Housing Finance industry’s most pressing issues. The ROUND-TABLE will provide an exclusive opportunity for the industry’s most senior leaders to coalesce in a closed-door forum to debate and consider current and future issues that shape the industry agenda. The forum will help to provide guidance and direction on the long-term strategies that will drive the future of Affordable Housing Delivery, Housing Finance and Construction Technology.

The CEOs Forum will also provide an opportunity for Chief Executives to discuss ways that they, as leaders in the Real Estate community, can engage meaningfully with government officials and International Investors.

Register today at www.abujainternationalhousingshow.com, for an opportunity to hear from and dialogue with CEOs and market leaders of other industries, high-level policymakers, analysts, experts, economists, and elected officials in thought-provoking presentations and discussions.

TO REGISTER FOR CEO FORUM, CLICK HERE

Kunle Faleti – Mr. Housing – Affordable Housing Advocacy
Ambassador Plenipotentiary – Abujahousingshow – West Africa’s Largest Housing Expo.

FG Housing Programme Creates 4,090 Employments In Oyo State – Official

Mosunmade Odusanya, Director of Architectural Services, Ministry of Power, Works and Housing and Oyo state Team Leader made this known during an inspection of the project by officials of the ministry.
The ongoing National Housing Programme in Ibadan, Oyo State, has generated over 4,090 employments and empowerment to Nigerians within the site locality, an official said on Saturday.
Mosunmade Odusanya, Director of Architectural Services, Ministry of Power, Works and Housing and Oyo state Team Leader made this known during an inspection of the project by officials of the ministry.
Apart from bridging the critical housing deficit in Nigeria, NHP is initiated to address and improve the socio-economic conditions through employment generation, poverty alleviation and empowerment of people within the locality.
The NHP site is one of the largest sites in the South West zone, located at Kilometre 17, Oyo-Ibadan expressway, Onidundu, Akinyele Local Government Area.


Briefing newsmen on the project, Odusanya said that the 72 housing units construction have engaged 13 contractors, 110 professionals, 3,832 skilled and unskilled labours and 40 food vendors.
He added that 55 building materials suppliers, 35 blocks moulders and five security guards were also employed; so, it has made positive impact on the economy of the state.
According to the team leader, the project is at its completion stage including painting and decorating, external works and landscaping, electrical and mechanical fittings and fixtures.
He said: “There was minimal challenge of delay brought by the initial water log land given by the state government which was later changed to a well-planned and secured environment.”
The Federal Controller, Sarah Alawode, told newsmen that the NHP project had motivated many other projects to spring up in the area, adding that infrastructure project would begin soon.

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Alawode, who was represented by Bola Adesanya from Oyo state Field Headquarters, disclosed that additional 10 hectares of land has been approved by the state government for its second phase.
A representative of the contractors, Olanrewaju Balogun, complained about delay in funding, adding that most times he received 15 per cent fund to start a job which he said was meagre to compare to the project.
He noted that many indigenes of the state have benefitted as he employed 25 skilled and unskilled workers for the project while he utilised 85 per cent locally sourced materials.
Some artisans at the site also commended the Federal Government for initiating the NHP, which they said have improved the living conditions of their families.
Taiwo Oladejo, a food vendor, at the site expressed joy for the opportunity to sell food in the location, adding that she was making average of N15, 000 daily.
Oladejo, a widow with five children, said the project brought hope and succour for her because she was able to build a home for her family and educate her child from the income.
The ministry officials had earlier inspected the NHP in Osun state, situated in Abere, Ede North Local Government Area of the state.
The project comprises 28 two bedroom units, 16 three bedroom units and a condominium block consisting of 24 different housing units, with 68 units as total.
Presenting the site situation report, Lola Onwubalili, Team Leader Osun state and Deputy Director of Architecture, Ministry of Power, Works and Housing, noted that 16 units have attained completion.
In respect to infrastructure, the official said that the ministry also appointed three contractors to provide road, water and electrical infrastructure for the site.


“The water infrastructure is at 80 per cent completed with drilling of four additional boreholes, installation of ground and overhead water tanks and construction of a water treatment plant building.
“Progress on the road contract includes completion of the site survey, setting out roads and site clearing.
“The contractor handling external electrification has completed the erection of the electric poles and construction of housing for the transformer substations.”
Onwubalili said that one of the multiplier effects of the housing project was jobs creation in Osun, saying that the programme has provided jobs for contractors, building professionals and artisans.
According to her, scores of skilled artisans and hundreds of unskilled labourers including building materials suppliers, block makers and food vendors have benefited from the scheme.
She said the main challenge to the project occurred at the beginning of the project when site operations were delayed for two weeks due to riots in response to demolitions by the state government in Abere area.

READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA
Onwubalili said that with the help of the community’s traditional rulers, the problem was speedily resolved.
The News Agency of Nigeria reports that the NHP, which is ongoing in 35 states of the federation, was being anchored by the ministry of power, works and housing.

Collapsed Building: Fashola Wants Indicted Professionals Jailed

The Minister of Power, Works and Housing, Mr Babatunde Fashola (SAN), has said that jailing any professional responsible for any collapsed building would serve as deterrent and prevent reoccurrence.

Fashola made this assertion in Abuja when he appeared on the News Agency of Nigeria (NAN) flagship programme, NAN Forum.

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“How many professionals have been jailed for collapsed building?

“Once you jail a professional in the same way you sanction a medical officer for negligence of conduct with regard to his patients or a legal practitioner with regard to his clients

“Then you have sent the clearest message that those who build houses for people owe a duty of care to ensure that they build according to approved design and specifications.

“And that the approved design standard is also followed to the letter, you don’t short-change your materials,” he said.

The minister stated that there must be consequences when people violated the National Housing Code, adding that it was not the responsibility of the ministry rather a law enforcement that could assist us.

Speaking on affordable housing, he recalled that the board of the Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA) were recently inaugurated to boost it.

READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA

Fashola said that the two were important agencies to help government deliver on the policy of affordable housing, noting that the FMBN was saddled to finance while the FHA was to build.

“By the time I started, it seemed that the two agencies are competing so we are trying to realign that; we are also engaging the support of states to come unto the National Housing Fund (NHF).

“We also want to extend the impact of NHF to cooperatives for unions, artisans among others, so that we can have non-governmental workers too contributing to the fund and benefiting from it.

“We are looking at the possibilities whereby cooperatives can also take housing fund loan and build houses for their members.

This, he said, could go a long way to reduce the housing deficit and make housing affordable to all.

Akwa ibom state: No amount of criticisms can stop our projects- commissioner

Akan Okon is the Akwa Ibom State commissioner for housing and special duties. In this interview with ANIEFIOK UDONQUAK, he gives an insight into the major projects being undertaken by the state government. A former commissioner for finance, he explains why the international worship centre is necessary and the progress of work on the Four-Point hotel. Excerpts:

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What is the government doing in the housing sector because there are reports that it has abandoned the housing estate in Uruan Local Government Area?

There is work going on there at Idu Uruan. And we are collaborating with the Federal Government to provide housing units for the people. But you know in the case of Idu Uruan there are lots of houses that were built there but some of them were not completed and we try to sell it to individuals. And the intention was to realise some funds there that could be used for infrastructure like electricity and roads. There is water already there. So water is not an issue. Unfortunately, given the present economic situation that Nigeria is facing and individuals as well, the payments are not coming the way we had expected. That is what has slowed it down. But it is the intention of government to make sure that the infrastructure required there is provided so that people can live there comfortably.

But the housing scheme was supposed to be done in Uyo, Eket and Ikot senatorial districts but unfortunately, nothing started in Eket. Does this government have any intention of building houses in Eket senatorial district?

Yes, just like I have said, if the resources are available, I am very certain this question would not have come up today. Yes, it was done in Ikot Ekpene, it was done in Uyo senatorial districts and I think government cleared the site in Eket. But I want to say that as soon as we are able to sort out this two we have started and we have funds available, the housing estate in Eket will be done. It is the intention of government to provide houses for our people and add to the housing stock in the state. You can see every day that more people are moving from rural communities to the state capital. So there is need for more houses to be provided.

READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA

There seem to be no life at the multi-million naira Tropicana entertainment complex. What is this government doing to ensure its completion?

Well, everything boils down to funding like I have said. But recently, decision was taken to partner with the private sector to get the place completed and put to use. And you know when it comes to private sector partnership; there are lots of processes that you must procure. So that is what we are doing now, and a lot of investors have shown interest. I am quite sure when that is completed the place will be finished. We have also signed Memorandum of Understanding with some interested investors. So it is not that there is no life there. I am quite sure by the time everything is completed you will begin to see the difference.

The state government planned to build a Maintenance, Overhaul and Repair (MRO) at its airport; several years after contract was awarded nothing has happened, what has happened?

There is hope. You know the governor is determined to make sure that those activities that will create employment opportunities for our people are encouraged in our state. And mind you, a lot of our people were trained to handle that facility but I think along the line, when there was a downturn in the economy, the MRO you are talking about could not be completed. But I can tell you now that there has been a technical evaluation on what has been done and there is an interested investor. And we are talking because they need to bring in funds to fund the place. So, I am quite sure it will be completed soon.

What about the runway at the airport too?

Work is ongoing at the second runway. Recently, we went for a visit there when members of Akwa Ibom State House of Assembly came to see the extent of work that had been done. You know the same funding issue that affected all the other projects affected that particular project. But the governor is very passionate about completing that runway because we don’t want what happened in Abuja airport to happen here, when there was a situation that the runway was shut down for maintenance and flight could not land and all flights were diverted to Kaduna. So what we are doing now is to make sure that when there is the need to carry out maintenance, one will be available. The runway is 3.6 kilometres and it is 60 meters wide. And it has the capacity to carry a 747 cargo aircraft. So work is ongoing. If you go there now, the contractor is on site. And they have completed the laying of a special substance to make sure that it is durable.

Do you have any date for its completion?

And if we were to have all the money now, I can tell you it would be completed maybe in the next four months.

How do you respond to criticisms that greeted decision of the governor to construct an International Worship Centre in Uyo and at what stage is the controversial governor’s lodge in Lagos?

Well, I will start with the International Worship Centre. What I would like to say about that is that in life, especially in our state, there is nothing that you do that you won’t expect people to oppose you. The Airport we are using today, we said that our people don’t need to go to Calabar or to Port-Harcourt to fly, it was criticised. People that said we don’t need it and the same people are using it today. You know where you have opposition; they will want to do their work to oppose you. But you at the driver’s seat, you have to continue to do what you know is good because opposition will never stop. So for the worship centre, I think I have to thank God because God is not like humans. You have individuals building mansions for themselves and you are talking about having a place of worship. And mind you like you said, you have seen the account that has been published, you have individuals, you have corporate bodies, and religious organisations contribute to the building of the worship centre. In fact, there had been a situation where a journalist asked me what the economic value is. So I ask this question, economy and God which one should come first? The Bible say, ‘seek ye first the kingdom of God and all other things will be added unto you’. In fact, it is even good that you have asked this question. I want to urge everyone that building for God, there is always a blessing associated with it, that you can sow a seed. I told some of your colleagues not long ago that if you write positive story about that particular project and somebody reads it and is convinced and decides to contribute to it, God will register it for you that you were instrumental to convincing that man. The blessing that person will receive, you will get the same. For me, everything we do in life, everything we have been able to achieve is by the grace of God. So I believe that it is people that do not understand the essence of their creation that will criticise things like that because even the mouth that you are using to criticise it is God that gave you. So that is the situation but like the governor has said, that place will be built. It is not for any other thing, it is only a place of worship and we don’t have such a place in our state and we say it is the only state that is named after God. And mind you, a place that is for worship is not a place that if you want to throw party you go there. You can see that most times we want to hold solemn assembly we go to Ibom Hall and if we want to throw party we go to Ibom Hall. For me, I believe it is even late, but it is better late than never. So that project will be executed and for me as an individual, I feel very highly honoured and privileged to be the one that is superintending over that worship centre because I believe in God and I know what is involved in building for God. And about the governor’s lodge, work is ongoing according to plan. And three weeks ago, I took the House of Assembly committee on Finance and Appropriation to Lagos to see for themselves and they were impressed. And in the testimony they gave during a press interview, they commended the governor for that initiative because we deserve to have a place in Lagos. And they were quite happy at the pace of work and that the funds so far released have been judiciously used.

What is the state of the Four-Point by Sheraton Hotel Ikot Ekpene?

Well, I will like to say that for the Four-Point by Sheraton, the governor has paid the managing company which is Marriott now. Initially, it was Starwood Group. But you know very recently Starwood Group was acquired by Marriott Group. And during merger and acquisition, there is what is called housekeeping; that is the process of trying to integrate the various companies that have been acquired. That is the stage that we are now. I thank God and commend His Excellency the governor for paying what was outstanding to the company. And once they finish all what they are doing and they will bring in all the materials that are required. You know the managing company has a certain standard and then that place will be opened. You know, for a managing company they have a certain standard. And I know you would not have asked this question if you were part of the House of Assembly team that came for inspection you would have seen things for yourself. If you are taken on a tour of the place you will appreciate what is there and you will see that a lot of work has been done in the place. It is just a few things remaining like the small operating equipment. But once those things are completed that place will be ready for use.

With 2019 around the corner, are you worried that the opposition may frustrate the second term bid of Governor Udom Emnanuel?

But you know the opposition that you are talking about are on the pages of newspapers. Let’s be very honest. Unfortunately for the so-called opposition, Nigerians are wiser now because the government that we have at the federal level that came into power through propaganda and that has been responsible for the result that we are all getting. I am very certain I don’t know who you voted for. If you were to have voted for them I am sure that if they were to present themselves today you will not vote for them. So that has opened the eyes of the people. And apart from that the governor within the period that he has been in power, he has done excellently well. He has touched every facet of the state economy. It is on record that our state is one of the very few states that are able to meet up obligations to civil servants as and when due. You can see roads being constructed everywhere, the free medical care, free education is still being sustained and many interventions like payment of WAEC and NECO fees for our students. I think there is enough on the ground to show that the governor deserves a second term and that is why you have seen the level of endorsement of the people that he should go for a second term.

There is speculation that the metering factory in Onna is a jamboree because since its flag off nothing seems to be going on there. What is your take on this?

How? Let’s get this very straight. Every opportunity that I have to say something I like to state clearly that it is not the business of government to establish industries. The government’s responsibility is to provide the enabling environment that attracts industries. There are practices that are going on, the machines have come in. They are testing. So once those things are completed the place will be opened. Some people have been employed and are undergoing training just like the syringe factory. So when once the processes are completed, it will be opened. There is even a flour mill that is ongoing there and construction has commenced. So the governor has done what is expected of every responsible government which is to provide an enabling environment, provide the infrastructure that would attract industries. Prior to 2015, there was no industry producing in the state but the governor has been able to provide the environment and through contact he has been able to attract industries that have come to the state today to build and they are producing and employing people from our state. So I think this is one of the reasons why people are very happy with the performance of the governor.

Osun Federal Housing project 70 percent completed

The Federal Government National Housing Programme situated in Abere, Osun State has reached 70 per cent completion, Deputy Director, Architecture, Federal Ministry of Power, Works and Housing (FMPWH), Mrs. Lola Onwubalili has said.

She disclosed this during an inspection visit to the project site at the weekend in Oshogbo.

READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA

The Ministry official said the project has immensely benefitted the public including artisans, bricklayers, contractors, food vendors and ultimately meant to help address the housing deficit in the country.

She said 16 units have been practically completed while the infrastructure such as water, power and road is 90 per cent ready.

Onwubalili, who is the project Team Leader in the state, revealed that the housing project consisted 68 units of flats with two blocks of two-bedroom and two blocks of three-bedroom semi-detached bungalows including a condominium.

The condominium block which is still under construction has 24 housing units in all, consisting four units of one-bedroom, 16 two-bedroom and four three-bedroom.

According to her, 12 contractors were involved in the project, adding that they locally sourced their building materials and engaged about 360 direct employees aside from other indirect jobs.

“Osun State project is one of the five on-going sites in the south-west and we are proud to say it is the best in terms of progress of work.

“The programme has provided jobs not only for contractors and building professionals but scores of skilled artisans and hundreds of unskilled labourers,” she said.

In his remarks, FMPWH Federal Controller, Mr. Kolawole Kukoyi, said the National Housing Programme (NHP) situated in Ede North Local Government is an opportunity to provide affordable housing for the people.
Though, he explained that the Federal Government was yet to develop the modalities for allocation but gave assurance over the masses interest.

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Mrs. Adewuyi Modinat, sand supplier and Mrs. Titilayo Ayanlola, food vendor lauded government for creating jobs through the initiative and further called for quick commencement of the phase two of the project.

Meanwhile, in Kwara State, Team Leader, Kunle Shonibare said the state NHP has 38 blocks consisting 76 units of flats executed by 19 contractors.

He explained that the project which has reached 60 per percent completion will be completed before December, 2018.

The Kwara State Association of Suppliers said 34 of their members benefitted from the scheme by supplying all materials needed for the project.

The Permanent Secretary, Kwara State Ministry of Housing and Urban Development, Engr. Abdulganiyu Mustapha pledged to provide additional land for second phase of the project.

He lauded the federal government for the initiative stressing that it should be replicated in other constituencies in the state.

He emphasised need for synergy to understand peculiarity of the state in delivering impactful project.

The programme kicked off in 33 states of the Federation and the Federal Capital Territory between January and February, 2017 with the aim of delivering over 2700 housing units, engaging 653 contractors and providing jobs for over 54, 000 people.

Dangiwa showcases fmbn products to NIM council

The Federal Mortgage Bank of Nigeria (FMBN) has called on members of the Nigerian Institute of Management (NIM) to take advantage of its mortgage products to own houses.

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The Managing Director of FMBN, Mr Ahmed Dangiwa, gave the advice on Friday in Abuja when a delegation from NIM led by its President, Prof. Iyande Olakunle, paid him a courtesy visit.

Dangiwa commended the commitment of NIM in promoting efficiency and professionalism in the management of human and material resources.

He pledged that the bank would continue to sponsor its members to NIM professional development programmes to sustain the enrichment its human resources.

Dangiwa said that FMBN was established to provide affordable mortgages that would drive home ownership among Nigerian workers.

“This has been done through the National Housing Fund Scheme into which Nigerian workers in the private and public sector contribute 2.5 per cent of their monthly income into the pool.

“Through the scheme, the bank has continued to provide affordable mortgages to Nigerian workers and developers to finance housing development.

READ:ABUJA INTERNATIONAL HOUSING SHOW – THE LARGEST HOUSING AND CONSTRUCTION EXPO IN WEST AFRICA

“We also have the FMBN home renovation loan with liberalised conditions for easy access where Nigerian workers are given N1 million to renovate their homes,” he said.
He also said the bank had developed a “rent-to-own’’ product, adding that this would soon be launched by the management.

Dangiwa disclosed that the scheme currently has estates in 10 states of the federation.

“We want to commence the “rent-to-own’’ as a pilot phase to ensure that payment of equity is removed.

“You enter into the house as a tenant and by paying the rent, it becomes your own over the years,” he added.

In his remarks, Olakunle said the visit was to congratulate Dangiwa on his appointment as the Managing Director of the bank.

He described NIM as a multi-disciplinary institution that cuts across all professions.

The visit, he said, was also to identify areas that the institute could contribute to the realisation of the goals of FMBN through training of its staff.

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