LOKOJA – The Federal Mortgage Bank of Nigeria (FMBN) said it had expended over N3 billion in financing estate development projects in Kogi.
Mr Bisi Ogunjobi, Chairman, Board of Directors of the bank, disclosed this at the inauguration of the newly completed Kogi office complex of the bank in Lokoja on Wednesday.
He said the commitment was in line with the Transformation Agenda of the Federal Government, especially in the area of the provision of quality and affordable houses for Nigerians.
Ogunjobi, who was represented at the occasion by a director in the bank, Mr Eucheria Alozie, said Kogi contributed about N1.92 billion of the amount.
He added that the bank had facilitated the provision of loans for the construction of 1,000 housing units across the state.
According to the chairman, Kogi Investment and Property Ltd. was granted facility for the contruction of 350 housing units; City Point Global Investment Ltd, 400 and Philkruz (W.A.) Ltd, 250 units.
He said the state was in partnership with the bank in the provision of affordable housing for workers, adding that the partnership was beneficial to all stakeholders. [eap_ad_1] “’It is imperative to note that Kogi State is an active participant in the National Housing Fund Scheme (NHF) through contributions by its workers and self-employed citizens,’’ Ogunjobi said.
Inaugurating the office complex, Gov. Idris Wada commended the bank for its complementary contributions to the housing sector in the state.
The governor, who was represented by his deputy, Mr Yomi Awoniyi, said the state government had been the sole catalyst in the provision of affordable houses for the citizenry in the state.
Wada urged the people to avail themselves of the opportunity provided by the bank.
The state Ministry of Land and Housing, representatives of labour and the bank’s consultants, among others, delivered goodwill messages at the occasion. (NAN)
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