Nigerian Government to inject N500 billion into mortgage bank to tackle housing deficit
In a bid to meet the
housing needs of Nigerians, the Federal Government says it will inject N500
billion into the Federal Mortgage Bank
Disclosing this during
the inauguration of the ministerial pilot housing scheme project, in jalingo,
the Taraba state capital, the Minister of State for Power, Works and Housing,
Alhaji Mustapha Baba, stated that the measure would help the bank to cater for
the rising mortgage finance needs of workers.
The Minister commended
the bank’s efforts toward meeting the challenge of housing deficit and urged
workers to be relentless in contributing to the housing fund, adding that
government would soon commence the construction of 5,000 housing units in each
state of the federation, under the public-private partnership arrangement.
in his remarks, the
governor of Taraba state, Darius Ishaku who was Represented by his deputy,
Alhaji Haruna Manu, Ishaku thanked the contractor for delivering a quality job,
and noted the state government commitment in working with the federal mortgage
bank and the federal ministry of power, works and housing, toward building more
houses for the people of the state.
It would be recalled
that the National President of the Trade Union Congress Mr. Boboi Kaigama, had
earlier called on the federal ministry of power, works and housing to consider
local government workers in the housing scheme of the federal government, so as
to give them a sense of belonging.
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