The Federal Mortgage Bank of Nigeria (FMBN) has revealed plans to commission 1,071 completed houses in eight project sites nationwide.
This was made known through a statement signed by Federal Mortgage Bank of Nigeria Group Head, Corporate Communications, Timan Elayo.
The housing units are part of the over 3,560 homes under phases 1 & 2 of the National Affordable Housing Delivery Programme.
According to Timan, he said the programme is a collaboration between the FMBN, Nigeria Labor Congress (NLC), Trade Union Congress (TUC), and the Nigeria Employers’ Consultative Association (NECA).
The Programme aims to build and deliver decent, safe, and quality housing for Nigerian workers at a price that they can afford. The house types are based on proven social housing models and comprise one-bedroom, two-bedroom, and three-bedroom units, with prices ranging from N3.1 million to N8.3 million.
In his remarks, the FMBN Managing Director, Mr. Hamman Madu expressed delight with the completion of the first batch of the housing units, while applauding the labour centres for their cooperation and support.
“We are excited at the progress that we have made on the National Affordable Housing Delivery Programme. Indeed, it is a historic initiative as it marks the first time that FMBN and the organised labour and NECA are working together on the basis of a realistic and acceptable framework for delivering affordable housing to Nigerian workers,” Madu said.
He noted that stakeholders’ involvement and contributions to the project design makes the scheme a fit-for-purpose tool that will deliver houses that workers can afford as part of the overall national efforts toward redressing the huge housing deficit that experts now estimate to be over 22 million housing units.
