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FMBN Spends N1.4bn On Housing Units In Niger

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The Minister of State for Power, Works and Housing, Alhaji Mustapha Baba Shehuri has disclosed that a new national housing model have been designed and approved for the country even as Federal Mortgaged Bank of Nigeria FMBN spends N1.4 billion for the development of 379 housing units in Niger State.

The Minister spoke yesterday at the commissioning of the Federal Mortgage Bank of Nigeria and Sea Mountain 133 Housing Estate in Minna, Niger State, adding that the Ministry of Power, Works and Housing will continue to strive to ensure that the challenges of housing deficit in Nigeria which has been put at 16 to 17 million units is surmountable.

According to him  the ministry’s plan to build mass housing units in every state of the federation for public workers annually over the next three years has reached an advanced stage of implementation.

The minister therefore admonished all Nigerian workers to ensure that they contribute to the National Housing Fund to enable all Nigerians own a home as the new National Housing Models have been designed and approved for each geo-political zone based on cultural diversities and climatic conditions.

The Managing Director, Federal Mortgage Bank of Nigeria, Mr. Richard Esin said the estate which comprises of 51 units of three bedroom bungalows and 82 units of two bedroom bungalows costs N5 million for two bedroom semi-detached bungalows and N7 million for 3 bedroom fully detached bungalow.

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