About eight point two billion naira(8.2billion) loan facility has been granted by the federal Mortgage Bank of Nigeria (FMBN) for the construction of over two thousand houses to reduce housing deficit in Kwara state.
The Managing Director ,Federal Mortgage Bank of Nigeria (FMBN), Mr,Madu Hamman state this while speaking at the official commissioning of One hundred and eight(108) housing units build by Omowumi -Ilorin Multipurpose Cooperative Union at Ogbondoroko area in Ilorin.
Represented by the Director lands and Mortgage , Federal Mortgage Bank of Nigeria,Alhaji Lukman Mustapha ,the Managing Director said the bank has approved about fourteen other housing projects in the state.
According to him eight of the total housing project located in different part of the state had been successfully completed.
Mr Hamman said the bank is working assiduously to reduce housing deficit in the state and the country in general.
He explained that the bank has designed a template to enable those in the informal sector as well as self employed to benefit from the scheme.
The Managing Director noted that the bank has constantly promote it’s business window to meet the yearnig and aspiration of Nigerians.
In his remark the president , Omowumi -Ilorin Multipurpose Cooperative Union,Alhaji Ibrahim Yusuf Omo Adua urged the state government to assist them in the rehabilitation of the road linking the area to make the housing Estate accessible.
He Commended the federal government and the management of the Federal Mortgage Bank of Nigeria for their efforts in encouraging interested members of the public to own a house.
In his address ,Kwara state governor,AbdulRahman AbdulRazq , represented by the Speaker of the state House of Assembly,Hon,Yakubu Danladi Commended the federal government and the managements of the Federal Mortgage Bank of Nigeria for creating enabling environment for the common man to own a house.
He appealed to the managements of the bank to consider subsequent housing project in Kwara North Senatorial District of the state.
Governor AbdulRazq urged the beneficiaries to ensure prompt payment of the loans to enable others benefit.END
COV/ALI MUHAMMAD RABIU