FMBN provides $19 million in housing loans to Nasarawa State residents, faces funding challenges.

The Federal Mortgage Bank of Nigeria (FMBN) has provided housing loans worth N7.7 billion to over 8,700 residents in Nasarawa State, aiding numerous housing projects. The House of Representatives is calling for a special fund to support the FMBN, which faces liquidity issues and had N19 billion wrongly deducted from its accounts. Nasarawa State is partnering with the FMBN to acquire 141 housing units for civil servants under a rent-to-own scheme.

November 21, 2024
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