Home Housing 463 persons benefit from FMBN’s home renovation loan

463 persons benefit from FMBN’s home renovation loan


Kwara State Governor, AbdulRahman AbdulRazaq, has flagged off the presentation of cheques to 463 beneficiaries of home renovation loan scheme of the Federal Mortgage Bank of Nigeria.

This was contained in a press statement released by the office of the state Deputy Governor. The state government promised to make available resources that will lead to the improvement of the wellbeing of the masses.

The statement also called on civil servants in the state to continue to trust the government and work with the administration to build a sustainable future for all of Kwara people.

“This home renovation loan scheme is basically an initiative of the Federal Mortgage Bank of Nigeria that many of you have enrolled in, Kayode Alabi, the statement stated.

“You have played your own role by enrolling in the scheme. That is, you are trusting the system to work for you, you are playing your role as patriotic citizens and as workers. For you to benefit from this loan however, your state government must stand as your guarantor. And we gladly did because, we trust that you have also worked to earn our trust”.

“Without workers, nothing meaningful gets done. For this reason, we will always mobilize available resources and grab every opportunity to improve the wellbeing of the civil servants as well as the ordinary citizens. This event is another testimony of the resolve of this administration to grab every opportunity to make our workers happy,” he added.

Also read: FMBN Rent-to-Own Houses: Ogun State

“We are ensuring that workers across all cadres enjoy their promotion and the pay rise that comes with it. We have also approved training and retraining for workers, while offering support to those of you pursuing further degrees at home or abroad.

We have also ensured decent work environment with relevant tools through completion of secretariat, purchase of new vehicles, and modern computers and accessories. We continue to support workers with health issues. We have also ensured that workers are paid as and when due as a matter of right.

“We are also considering other supportive measures to ease the effects of inflation on what you earn. For example, we are building a public school system that offers our children a standard that will be the envy of other states and a pride of our people. The recent recruitment of qualified and competent teachers is a bold beginning. We are following it up with school remodeling and reconstruction across the state.”

Managing Director Federal Mortgage Bank of Nigeria Architect Ahmed Dangiwa, who was represented by the Deputy General Manager of FMBN, Ibrahim Nafada, explained that the loan window affords Nigerians who are contributors to the National Housing Fund an opportunity to access mortgage loans to renovate or improve existing properties which are personally owned by them or through family ownership.

“Permit me to applaud the commitment and cooperation of the Executive Governor Mallam AbdulRahman AbdulRazaq and the Head of Service Mrs Susan Modupe in executing these documents promptly which has enabled the Kwara State civil servants to benefit from FMBN home renovation loan to the tune of N1,025,283,000 disbursed to 1,575 beneficiaries. Today, we are disbursing the sum of N303,750,000 to 463 beneficiaries,” he added.

Dangiwa also announced that the bank had approved a sum of N401,145,000 for 708 member of staff of Kwara State Universal Basic Education which will be credited to individual beneficiaries’ accounts after execution of all other conditions precedence to disbursement.


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