Five hundred and six persons in Adamawa State have benefitted from the home renovation loan of the Federal Mortgage Bank of Nigeria. Governor of Adamawa State, Ahmadu Umaru Fintiri, who witnessed the presentation of cheques to the beneficiaries, applauded the management for the scheme, adding that it will go a long way in reducing the economic challenges of citizens in the state.
Fintiri said building of 2000 houses is one of his priorities, as he has noticed a shortage of houses in the state.
Speaking earlier, the Managing Director and Chief Executive Officer of FMBN, Arc. Ahmed Musa Dangiwa, represented by the Executive Director, Loans and Services, Mrs. Rahinatu Aminu-Aliyu, said the bank was instructed to provide affordable mortgages to citizens through the National Housing Fund scheme.
He said the fund is sourced from 2.5% of the basic income of citizens who are 18-years and above to enable them renovate, build and purchase houses.
He applauded the Fintiri-led administration for its commitment to creating an enabling environment for civil servants in the state to benefit from the Home Renovation Loan.