FMBN Set to Tackle Housing Deficit

Nigerians residing abroad are set to benefit from offshore mortgage scheme while contributors of National Housing Fund (NHF) improve their living conditions at affordable cost, the Federal Mortgage Bank of Nigeria (FMBN)has said.

Mr. Gimba Ya’u Kumo, the managing director, in a statement issued weekend, said the Nigeria Diaspora mortgage scheme will provide opportunities for Nigerians living abroad to acquire houses after a minimum of two years of contribution to the NHF scheme.

The statement commended the governments of Adamawa, Sokoto and Enugu states for their recent investments and partnership in launching various housing projects, adding that this would reduce the housing deficit across the country.