FMBN Records N294bn Additional Housing Fund Contributions

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The Federal Mortgage Bank of Nigeria (FMBN) says it has gained N294.1billion as additional contributions to the National Housing Fund (NHF) in five years.

He said other achievements included the disbursement of N175 billion affordable housing loans and construction finance.

“We also provided affordable construction finance for delivery of 13,499 affordable housing units nationwide. This represents over 59 per cent increase from the cumulative total of 20,435 housing units as of April 2017, when we assumed office. He said that as of April 2017, when he came on board, FMBN had only refunded N10.8 billion to 132,605 retired contributors.

According to him, the development of partners and other stakeholders to achieve the bank’s objectives were also part of the bank’s success story during the period under review.

 

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