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.