National Housing Fund
9 Jul 2018
Contributors to the National Housing Fund (NHF) may soon heave a sigh of relief as the Federal Government is set to deliver 112 units of one and two bedroom flats in Sedona estate in the Ikorodu axis of Lagos State. The N667 million project is a ministerial pilot housing scheme that has been conceived…
7 May 2018
Amid cconcerns that some contributors to the National Housing Fund (NHF) have not been able to access loans, the Federal Mortgage Bank of Nigeria (FMBN) has assured Nigerians that the amendment of the enabling legislations in the scheme would make it more robust and beneficial. Accordingly, the bank explains that the objective is to expand…
19 Mar 2018
After an initial effort that eventually turned out to be a ‘false start’, a fresh move to facilitate the mobilization of fund for the provision of houses for Nigerians at affordable prices may be in the offing.
22 Jan 2018
The famous Abraham Manslow’s Hierarchy of Needs places shelter as a basic need of every human. In other words without shelter man is less bothered about social activities...
28 Sep 2017
Already, FMBN has received and executed agreements in respect of six out of eight distressed Primary Mortgage Banks and hopes that with the support of the NDIC, the Bank’s funds in the affected PMBs would be recovered.
25 Sep 2017
The Federal Mortgage Bank of Nigeria (FMBN) is the custodian of NHF while Primary Mortgage Banks (PMBs) are the conduits through which the funds are disbursed to individual beneficiaries.
28 Aug 2017
The projects planned in 33 states are part of the National Housing programme’s pilot scheme, which is at various stages of completion. Among those employed for the housing projects are artisans.
27 Mar 2017
The country has between 17million and 18 million housing deficit and will need one million houses yearly to fill the gap. The delay is resulting in the loss of billions of naira in investments as there is no template for planning.
6 Mar 2017
The FMBN financed 100 housing units under the Ministerial Pilot Housing Scheme at Naze, Owerri North Local Council to the tune of N592.3 million and approved NHF’s loans of N5 million, for prospective subscribers.
25 Nov 2016
National Housing Fund (NHF) Acting Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Mr. Richard Esin, has urged the Federal Government to re-capitalise the FMBN from its current capital base of N2.5 billion to N500 billion.
3 Oct 2016
A new report has urged the Central Bank of Nigeria (CBN) to establish a special fund, to the tune of N1 trillion to galvanise the housing sector.The 22-page document authored by the Centre for Social Justice...
26 Sep 2016
Recently, FMBN had called on the Economic and Financial Crimes Commission (EFCC) to wade debts owed the organisation, especially misappropriated contributory funds under NHF.