Ene Jummai Abu
Here is the Federal Mortgage Bank of Nigeria (FMBN) /Labor Unions’ Workers’ Estate, a 102- housing unit project situated at Mabba Community, a few Kilometers off the Lagos-Ibadan Way Abeokuta, Ogun State. The housing unit consist of 1, 2 & 3bed flats at affordable rates.
The estate is amongst others constructed under the first phase of the National Affordable Housing Delivery Programme, a special FMBN collaboration with labor unions including NLC, TUC, and NECA whose objective is to design, build and deliver houses that subscribers to the NHF can afford to own within their reach.
Under the arrangement, FMBN finances construction and packages NHF Mortgage loans with tenors of up to 30-years packaged for the beneficiaries at 6% interest rate.
The Work on the project started in 2018 and presently is at the completion stage. Facilities include roads, proper drainages, water and electricity.