Abuja - President Goodluck Jonathan has commissioned the Federal Mortgage Bank of Nigeria (FMBN) Aviation Village in Abuja.
The aviation village is a mass housing project consisting of 270 flats worth N2.4 billion.
The President commended the Ministry of Lands, Housing and Urban Development, and FMBN for initiating and financing the project.
He described the Aviation Village as one of the products of the reforms in the housing sector.
“As for this administration, I assure you all that improving the living standards of Nigerians are an imperative which we are resolutely pursuing. The National Policy on Housing adopted by the Federal Executive Council in 2012 was also driving the reforms as housing financing institutions are being strengthened to increase their capacity to be more useful to low income earners. The launching of the National Housing Fund (NHF) e-card scheme was an effective tool for contributors to the NHF to easily assess and monitor their contributions and transactions with the Fund,” said Jonathan.
The President said that it was part of his administration’s objectives to promote openness in government business, boost contributors’ confidence, and encourage defaulters to now start complying by making their contributions as at when due.
Supervising Minister of Housing, Lands and Urban Development, Musa Sada, disclosed that the FMBN would soon be recapitalized.
He charged the organisation to continue facilitating the construction of more estates around the country.
- CAJ News