The Federal Mortgage Bank of Nigeria (FMBN), and the Lagos State Development and Property Corporation (LSDPC) on Thursday inaugurated 72 units housing estate in Emuren, Sagamu, Ogun State.
At the inauguration, FMBN’s Managing Director, Mr Madu Hamman said the residential housing estate was developed by LSDPC under the FMBN Cooperative Housing Development Loan window.
Permanent Secretary in Lagos State Ministry of Housing, Mr Kamal Olowosago, Presenting the document to one of the beneficiaries of the apartments
Hamman said that the project – fully funded by FMBN – was in fulfilment of its commitment to the realisation of the home ownership dreams of Nigerian workers who were contributors to the National Housing Fund (NHF) scheme.
He said that the commitment led to the development of the FMBN Cooperative Housing Development window through which the estate was delivered successfully.
Olowosago further said that FMBN had continued to ensure that Nigerians had access to decent and secure accommodation through affordable mortgage financing and access to products in the Nigerian financial services sector.
He appreciated Lagos State Governor, Mr Babajide Sanwo-Olu, and his Ogun State counterpart, Prince Dapo Abiodun for the support extended to FMBN and the NHF scheme.
“This support has ensured consistency of NHF contributions by the state workforce.
“This project consists of 72 housing units comprising 48 units of two-bedroom terrace apartments and 24 units of three-bedroom semi-detached bungalows.
“The estate is fully serviced with basic infrastructure including internal road network, drainages, electricity, and water to create a conducive and liveable environment.
“By this endeavor, we are not only reducing the housing deficit in the country, but we are also creating jobs and tackling unemployment”, he said.
The FMBN Managing Director appreciated President Muhammadu Buhari for his support which, he said, made the project a reality.
FMBN Chairman, Mr. Ayodeji Gbeleyi said the projects reaffirmed the commitment of the nto deliver affordable housing to Nigerians, who were contributors to the NHF scheme managed by the bank.
Gbeleyi lauded the Ogun State Government for allowing the project to be located in the state, adding that the synergy deserved commendation.
Sanwo-Olu, represented by the Permanent Secretary in the Ministry of Housing, Mr Kamal Olowosago said that his government would continue to prioritise workers’ welfare.
He commented FMBN for the scheme, saying that the government would continue to collaborate with the bank in ensuring that the state workers benefited more in various housing projects.
The Elemuren of Emuren, Sagamu, Oba Adesegun Abolaji expressed gratitude for sitting the project in his community, promising that he was ready to donate another 20 hectares of land for another phase of the project.
