FCT Partners FMBN for Low-Cost Houses

The FCT Administration has revealed its readiness to go into partnership with the Federal Mortgage Bank of Nigeria(FMBN) to develop low-cost houses for low-income workers in the territory.

FCT Minister, Mallam Muhammad Musa Bello, said, “what we need today in Abuja are low income houses which low income earners can afford and that is what my administration would further encourage to take care of the less privileged people in the society”.

He stated that his administration is prepared to enhance the relationship between the FCT Administration and the FMBN for the mutual benefit of the two organizations. He explained that the partnership will help to ensure proper use of lands and unocccupied houses in the federal territory.

“We have too many highbrow houses in Abuja which have remained vacant despite the housing deficit the workers are experiencing in the city,” he observed.

While decrying a situation where estates were built in the past without provision for recreational facilities, children play ground as well as conversion of green areas to build houses; the minister directed that all new estates, henceforth, must make provision for such essential facilities.

He also directed that a green area be made available for the FMBN to develop into a befitting Public Park for usage at weekends by the residents free of charge; adding that such gesture should be the bank’s corporate social responsibility to its immediate community.

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