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FG charges FMBN, FHA to deliver 30,000 houses in 12 months

By Yinka Kolawole

In line with its plan to deliver one million housing units annually across the 36 States and the Federal Capital Territory (FCT), the Federal Government has directed Federal Mortgage Bank of Nigeria (FMBN) and Federal Housing Authority (FHA) to synergise their skills and capabilities on housing development.

Based on the directive, FMBN and FHA have concluded plans to deliver 30, 000 housing units in four States of the federation before the end of May 2017 at the cost of N9 billion. The development is expected to lead to the creation of an estimated 2 million jobs nationwide.

Acting Managing Director of FMBN, Mr. Richard Esin, made the disclosure, in Abuja, at the inauguration of a joint committee of the two organisations on inter agency collaboration for housing delivery, where he was represented by FMBN’s Executive Director, Loans and Mortgages, Mr. Charles Nyor Ajiva. According to him, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, charged the two agencies to synergise their different skills and capabilities for the production of houses, as part of President Muhammadu Buhari’s mandate to deliver one million houses annually nationwide.

Esin noted that lands are available for the project in different locations across the country, adding that the pilot project would commence in major cities of Lagos, Abuja, Kano, and Port Harcourt. He said FMBN and FHA agreed to jointly explore opportunities for housing delivery through a number of on-going housing schemes such as the Accelerated Housing Scheme for selected Ministries Departments and Agencies (MDAs), and the Federal Integrated Staff Housing Scheme for federal civil servants, amongst others.

“In view of special skills and capability for FMBN in financing and FHA in the production of houses, we can actually complement each other in the delivery of houses. That actually prompted us to come together and began to think of ways that we can partner and have synergy in the housing delivery. Since FHA has land in different locations of this country and FMBN is into mortgage financing, we will use our money to build on the land that they have to produces houses,” he stated.

The FMBN boss said the project is expected to be delivered in 12 months. “We hope to deliver a minimum of an estate by 12 months and so we are looking at the formalisation of modalities and within 12 months we should be able to get an estate and by next week we will start work.” He added that housing formed part of the discussion during the president’s recent trip to China, and as such, big Chinese firms are expected to participate in the housing delivery programme of the government.

In his remark, Managing Director of FHA, Prof. Mohammed Al-Amin, assured that the aim of the collaboration of the two organisations would be met. “FHA has land across the country in 34 states of the country and they are all at the level of acquisition or design which we can quickly start work on. We already had a framework of direction to further look at Abuja, Lagos, Port Harcourt, and Kano. And in all these locations there are lands ready for development,” Al-Amin declared.


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