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FMBN, FHA launch inter-agency panel on housing

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Housing

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The inter-agency committee will further boost the dream of President Muhammadu Buhari’s drive to produce more housing units for Nigerians and thereby reducing the nation’s housing deficit
An inter-agency committee to ease housing delivery for Nigerians was at the weekend inaugurated in Abuja, courtesy of a pact between the Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA).

The committee came on board, as it was said that about N9 billion was required to produce 30,000 housing units target set by the committee.

According to FMBN’s Acting Managing Director, Mr. Richard Esin, the newly inaugurated initiative would generate about 2million jobs.

Esin, during the inauguration ceremony, revealed that FMBN had acknowledged and accepted the proposal by the FHA.

The collaboration, which he described as a good step in right direction, was said to cover four areas including the discounted sales of existing federal housing units, financing of medium income public servants housing units through the Estate Development Loans (EDL), low income housing mix products scheme and FMBN-FHA North east shelter intervention for NHF contributors because the region has been ravaged by insurgency.

He, however, noted that for a broader collaborative framework, FMBN proposed that the initiative be aligned in these categories: discounted sales of existing Federal Housing Authority (FHA) housing units, joint development of the national housing model in all the geo-political zones, utilisation of FHA land bank for partnership for large scale developers of new towns and districts and a special business status for FHA mortgage bank.

The MD, who was represented by the Executive Director, Loans and Mortgage Services, Charles Nyor-Ajiva observed that, no housing model presently for the country. He added that situation has affected development of houses across the country.

According to him, the committee is targeting low cost housing for mass market in order to contribute to the actualisation of President Buhari’s vision on housing of building over 1million housing units annually.

In his remarks, the Managing Director of FHA, Professor Mohammed Al-Amin noted that the agency have lands across the country, which could be utilized for the project adding that, government has a target of providing one million houses for Nigerians annually in order to bridge the housing gap in the country.

He said, “We have land across the country, except in just three states and we are doing all we can to make sure that we deliver on the task given us by the minister, which is why this inter-agency committee is being inaugurated today.  We can quickly start work on the lands we have across the country as most of them are in various states of development and design.

Al-Amin stated that FHA has drawn an action plan and called on the members of the committee to key into the initiative in order to meet the yearnings of Nigerians.


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FHAFMBNMr. Richard Esin

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