Nasarawa State Governor Engr. Abdullahi A. Sule, acting in his capacity as Chairman of the North Central Governors Forum, paid an executive working visit to the Managing Director/CEO of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Usman Osidi, in Abuja. The bilateral consultation focused on expanding affordable homeownership schemes and mortgage financing options for civil servants and low-income residents across Nasarawa State.
High commercial mortgage interest rates make decent housing inaccessible for public sector workers, leading to informal urban sprawl. Partnering with national primary mortgage institutions unlocks long-term, low-interest housing finance to expand formal homeownership.
This intergovernmental housing engagement demonstrates a proactive approach to subnational mortgage planning, civil service welfare enhancement, and urban development tracking. Leveraging federal mortgage windows accelerates subnational housing delivery.
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