FMBN disburses N58 billion housing loans to 23,600 Nigerians

The Federal Mortgage Bank of Nigeria (FMBN) has granted N58 billion loans to 23,600 beneficiaries to address the housing deficits in the country. The facilities cover April 2017 to March 2019.

A breakdown shows that National Housing Fund (NHF) mortgage loans of N22.3 billion went to 3,171 workers; N16.9 billion home renovation facilities for 20,429; estate development grants of N13.6 billion were disbursed in addition to a cooperative development loans of N2.7 billion and a ministerial pilot housing scheme project valued at N2.5 billion.