As part of its ongoing nationwide initiative to increase affordable housing for Nigerian workers, the Federal Mortgage Bank of Nigeria (FMBN) has commissioned a new housing estate in Nkwelle Ezunaka, Oyi L.G.A, Anambra State.
Speaking at the commissioning ceremony in Anambra on Saturday, the Managing Director/Chief Executive of FMBN, Mr. Madu Hamman, represented by the Executive Director, Business Development & Portfolio Management of FMBN, Mr. Kingsley Chukwuma, highlighted the Bank’s commitment to the realization of the homeownership dreams of Nigerian workers who are contributors to the National Housing fund (NHF) Scheme.
He explained that the journey towards the commissioning of the project started some years back as part of the Bank’s corporate strategy of building productive synergies with critical stakeholders to boost the provision of affordable housing in Nigeria.
“The journey towards today’s remarkable occasion started some years back as part of the Bank’s corporate strategy of building productive synergies with critical stakeholders to boost the provision of affordable housing in Nigeria. In pursuance of that vision, a Joint Implementation Committee was set up involving the Federal Mortgage Bank of Nigeria (FMBN), the Nigerian Labour Congress (NLC), the Trade Union Congress (TUC), and the Nigerian Employers’ Consultative Association (NECA) to come up with a concept for the development and delivery of affordable housing to Nigerian workers. The result of that collaboration is what we have come to witness today in Anambra State with similar events held across the country”, he said.
Hamman also expressed gratitude to His Excellency, the Executive Governor of Anambra State, Prof. Charles Soludo, for sustaining support for the project and ensuring the consistent contribution of Anambra State workers to the National Housing Fund Scheme while noting that his pivotal role had contributed greatly to the successful delivery of this project.
He likewise commended the entire leadership of the NLC, TUC, and NECA for their commitment to the advancement of workers’ welfare and for the numerous sacrifices they have made in the course of perfecting the framework for the National Affordable Housing Delivery Programme (NAHDEP) for Nigerian Workers.
The project is estimated to have generated over 2160 direct & indirect jobs at a conservative rate of 12 jobs per housing unit over the construction period.
The 180-unit housing development is made up of 60 3-bedroom completely detached bungalows and 120 2-bedroom semi-detached bungalows, each costing $7 million and $8 million, respectively.
In addition, Anambra State Governor, Chukwuma Soludo, represented by his Chief of Staff, Ernest Ezeajughi, commended the initiative and reaffirmed the administration’s unwavering dedication to collaborating with the FMBN to ensure increased access to affordable housing in the state.
The commissioning of the FMBN/NLC/TUC/NECA housing project in Anambra State is a significant milestone in the Bank’s commitment to delivering cost-effective, safe, decent, qualitative, and affordable housing to the Nigerian people. The Bank is poised to continue upholding its commitment to reducing the housing deficit in the country, creating jobs, and improving the standard of living of Nigerian workers.
To provide a comfortable and livable atmosphere, the estate is completely serviced with basic infrastructure, including an internal road network and drainage systems, power, and water. The houses have been constructed with affordability in mind while also taking into account regional quirks.
The FMBN, in partnership with the Nigerian Labour Congress (NLC), the Trade Union Congress (TUC), and the Nigerian Employers’ Consultative Association (NECA), funded the estate’s construction as part of the National Affordable Housing Delivery Programme (NAHDEP) for Nigerian workers.
The commissioning ceremony was attended by the Executive Governor of Anambra State, Prof. Charles Soludo, and several other state functionaries and dignitaries.
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