Fashola Has Disbursed Over 20 Billion Naira For 2,724 Mortgages
The federal government is still bullish towards addressing the housing deficit in Nigeria.
It is estimated at over 17 million.
So, the Federal Ministry of Housing, under Babatunde Fashola, has been trying to support home ownership by providing funding.
On Thursday, Fashola said the ministry had so far disbursed a total of 20.24 billion naira for 2,724 mortgages to support Nigerians in buying their own homes since May 2015.
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The disbursements, according to Fashola were made through the Federal Mortgage Bank of Nigeria under the National Housing Fund.
“Since May 2015 to date, the FMBN has issued 2,724 mortgages worth 20.237 billion naira to assist Nigerians buy their own homes under the National Housing Fund,” Fashola said during the inauguration of the governing boards of the FMBN and the Federal Housing Authority in Abuja.
Fashola told the board members that the policy of the government was to deliver affordable homes that were acceptable to Nigerians and the two agencies, adding that the FHA and FMBN were the implementing arms of the Federal Government in housing delivery and financing, respectively.
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