The Chairman of the Federal Mortgage Bank of Nigeria, Chief Bisi Ogunjobi (L) presenting FMBN customized materials to the Ekiti State Deputy Governor, Professor Modupe Adelabu during a courtesy visit to the Deputy Governor in her office in Ado-Ekiti recently.
Fourteen years after it pulled out of the National Housing Fund (NHF), the Ekiti State Government yesterday held talks with the management of the Federal Mortgage Bank of Nigeria (FMBN) on how to return to the scheme.
Negotiation began with a courtesy visit to the Deputy Governor, Prof Modupe Adeola Adelabu in her Office in Ado-Ekiti, the state capital, by FMBN management, led by its chairman, Chief Bisi Ogunjobi.
The mission of the bank’s delegation was to sensitize the government of the benefits its participation in the NHF would bring to the state, especially in the area of housing development. Such benefits include an access to a N800 million loan facility already approved by the bank for the Ekiti State Housing Investment Corporation.
The deputy governor said the Governor Kayode Fayemi administration was doing its best to make the state the destination of first-choice for investors, saying that good road networks and rural development are being intensified to fast-track development.
Prof Adelabu said the government will continue to explore and harness every available opportunity to achieve its agenda on infrastructural development, which according to her includes provision of affordable houses and estates for civil servants and other residents.
She reiterated the resolve of the Fayemi administration to deliver the dividends of democracy on its Eight-Point Agenda, listing as priority the provision of social infrastructure, stable electricity supply and portable water among others for the comfort of residents and to attract investors.
Describing the FMBN as a veritable financial body, the deputy governor assured that the government will not hesitate to explore the opportunity being offered by the bank for the benefit of its workforce.
She urged the FMBN officials to step up enlightenment programmes to sensitize labour leaders and workers on the services it offers.
Stating the mission of his entourage, Chief Bisi Ogunjobi said the body has been re branded and expanded its scope to accommodate all categories of people. He confirmed that the bank, through the NHF, has earmarked N800 million for property development in the state but insisted the state must rejoin the scheme to access the fund.
Chief Ogunjobi urged the state government to facilitate its membership procedure to enable it access the fund and utilize it to consolidate the ongoing infrastructural development agenda of the state.
Last modified: July 12, 2013
