• June 15, 2021

FMBN, Nasarawa State Sign N6bn Tripartite Agreement To Construct 2,000 Houses


=== (AGENDAWATCHDOG) === An triple pronged agreement has been signed between the Nasarawa State Government and the Federal Mortgage Bank of Nigeria (FMBN) and the Family Homes Fund (FHF) to construct 2,000 houses for low and medium-income workers in the state.

The agreement, which was formally concretized yesterday at a ceremony in the Government House, Lafia,the Nasarawa State capital, would provide associated financing requirements that would enable workers to purchase the houses on completion.

Following the ceremony, the Nasarawa State Governor, Mr. Abdullahi Sule, enthused that  the agreement was in sync with his government’s agenda as contained in the Nasarawa Economic Development Strategy (NEDS), with housing as one of its key components.

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Managing Director of the FHF, Mr. Femi Adewole, described the signing of the agreement as a landmark event and pledged that his firm would commit N6 billion in executing the project.

PROJECTED IMPACT: The signing of the agreement will create wealth, employment opportunities, boost economic activities in the state and provide houses for the less privileged workers who are earning less than N100, 000 monthly as it is projected to create at least 100, 000 jobs, both direct and indirect, at the construction sites, as well as through the multiplier effect in the downstream..


Agenda Watchdog

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