Naomi Gabriel —
Osun State Governor, Adegboyega Oyetola yesterday inaugurated 180 housing units project for civil servants in the state.
Oyetola 67, said it is a bold step towards delivering projects that will enhance workers’ welfare.
The project, sponsored by Federal Mortgage Bank Nigeria, (FMBN), Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and Nigeria Employers’ Consultative Association (NECA), according to the Governor, will further ameliorate the housing challenges in the state, especially among the civil servants.
“It is now my pleasure to turn the sod for the construction of Housing Scheme for Osun State workers to the Glory of God and the benefit of humanity, he said.
“This event is a product of collaboration. It is a bold step in the accomplishment of one of our creative models of delivering services and welfare to our people under our Development Agenda through collaboration with our partners at home and abroad.
Executive Director, Federal Mortgage Bank, Raheem Onitolo said the project is one out of many the agency is involved in, saying, “the Bank has delivered 100 units of houses in 13 States, in a mix of 3, 2 and 1 bedroom semi-detached bungalows and blocks of flats with a strong focus on affordability and adjustments to suit locational peculiarities.
“When the houses are built, FMBN will provide mortgage loans through selected Primary Mortgage Banks (PMBS) to Nigerian workers who are contributing to the National Housing Fund (NHF) to enable them to purchase the houses and repay over a maximum period of 30 years.
“FMBN has approved N787,577,000 to N529,557,000 to 733 beneficiaries. The Bank has also granted over 1000 beneficiaries and has disbursed STAKLIN Investment Limited an Estate Development Loan (EDL) to construct 44 housing units. The houses have been packaged under the Rent to Own window with occupants/beneficiaries in possession since 2015.
“The Bank also approved the sum of N269,610,448.05 as Cooperative Housing Development Loan (CDHL) to OAUTH Medical Health Workers Multi-purpose Co-operative Society, Ile Ife to construct 60 units for its members”, he added.