The Federal Mortgage Bank of Nigeria (FMBN) has called on cooperative societies in Ministries, Departments and Agencies (MDAs) of government to take advantage of its cooperative housing loan to provide affordable houses for their staff.
The Managing Director/Chief Executive Officer (MD/CEO) of FMBN, Ahmed Dangiwa, made the call when a team from the Federal Government Staff Housing Loans Board (FGSHLB), led by its Executive Secretary, Mrs. Hannatu Fika, paid a courtesy call on the bank in Abuja.
Dangiwa said the cooperative housing development loan developed by the bank was one of the many products initiated by it to create affordable mortgage for staff of the Federal Government.
He said: “We want to draw your attention to one of the products we have just developed; which is the cooperative housing loan. It is a cooperative housing development loan where cooperative societies in various organisations under the Federal Civil Service can approach the bank with their land and we give them loan to develop the houses for their staff based on their own designs and given their own affordability in terms of costing.”