Nasarawa,FHF, Mortgage Bank Seal Pact On Construction Of 2, 000 Houses

 Abdullahi Sule, the governor of Nasarawa State Government has signed a  Memorandum of Understanding (MoU) with Family Homes Fund (FHF) and Federal Mortgage Bank to build 2, 000 houses worth N11 billion  for civil servants in the state.

At the signing ceremony in Lafia,Governor Sule said the agreement was part of the cardinal objectives of his government as captured in the Nasarawa State Economic Development Strategies (NEDS).

He said provision of housing was one of the cardinal objectives of  his administration to change the fortunes  of civil servants in  the state.

He  explained that houses  would be provided for servants earning below N100, 000 monthly.

He added:” The agreement would create wealth, employment opportunity, create development, boost economic activities in the state as well as provide homes for the less privilege.When the work on the housing project commence, it would provide employment for over 20, 000 youths, thereby taking them off the streets.This would also help in addressing youth restiveness in the state given the insecurity,” the Governor added

He also commended President Muhammadu Buhari for initiating the idea to care for the less privilege by providing housing for them to call their homes.

In his remarks, Femi Adewale, Managing Director (MD) Family Homes Fund commended  the state government for the partnership and promised that  the initiative  would  make workers  proud house owners.

The MD of FHF said the signing of the agreement is a landmark achievement to them, as it would give them the opportunity to help toward providing houses for low and medium income eanelrs thereby improving the quality of their lives.

He said their company would invest N6 billion at the initial stage and invest another N5 billion as the project progresses.

 Ahmed Danjuma, the  Managing Director, Federal Mortgage Bank, represented by Oladepo Fakeye, Group Head Strategy, said the bank has been partnering Nasarawa state government on housing projects in recent years.

He added that  beneficiaries of the houses are expected to contribute 2.5percent  of their monthly salary,while they have up to thirty years to pay for the house with interest rate of six per cent.