FEDERAL GOVERNMENT COMMITS N30B FOR HOUSING SCHEME

Naij reports that on Thursday 2nd of 2017, the Federal Government of Nigeria kicked-off its new housing scheme for civil servants; The Federal Integrated Staff Housing (FISH).

Speaking at a one-day FISH workshop in Abuja, head of civil service of Nigeria, Mrs Winifred Oyo-Ita explained that the programme is an important step taken by the Government to provide affordable and comfortable accommodation for civil servants.

Mrs Oyo-Ita said the FISH programme will also provide lands with title deeds and all required documents from the Federal Capital Territory Administration and states across the federation.

Still speaking, Mrs Oyo-Ita says the federal government has mapped-out N30 Billion for the implementation of the FISH programme to provide houses for all civil servants. She also cited that over 23,000 civil servants are currently registered for the programme.

She said; “The financial commitments in this arrangement which is currently in the region of N30 billion brought us to the realization that we require innovative strategies in financing the FISH project beyond the traditional sources like, the Federal government Staff Housing Loans Board, FGSHLB and the Federal Mortgage Bank of Nigeria, FMBN. The FGBN grant housing loans to public servants at three percent and FMBN grant mortgage at six percent interest rate through primary mortgage institutions to civil servants and other Nigerians who are contributors to the National Housing Funds.”

Mrs Oyo-Ita also stressed the importance of the programme in eradicating middlemen and other land speculation issues from the value-chain. She said the FISH programme is aimed at tackling all issues experienced by citizens when acquiring lands.