By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Africa Housing NewsAfrica Housing News
Notification Show More
Aa
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Reading: Kano Rejoins National Housing Fund After 20 Years, Boosting Workers’ Access to Mortgages
Share
Aa
Africa Housing NewsAfrica Housing News
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
Search
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Have an existing account? Sign In
Follow US
Africa Housing News > Blog > News > Kano Rejoins National Housing Fund After 20 Years, Boosting Workers’ Access to Mortgages
Kano Rejoins National Housing Fund After 20 Years, Boosting Workers' Access to Mortgages
News

Kano Rejoins National Housing Fund After 20 Years, Boosting Workers’ Access to Mortgages

Fesadeb
Last updated: 2025/01/31 at 8:36 PM
Fesadeb Published January 31, 2025
Share
SHARE

In a landmark move to enhance the welfare of its workforce, the Kano State Government, under the leadership of Governor Abba Kabir Yusuf, has approved the reintegration of state workers into the National Housing Fund (NHF) after a two-decade withdrawal from the Federal Government housing scheme.

During a ceremony marking the signing of a Memorandum of Agreement (MOA) with the Federal Mortgage Bank of Nigeria (FMBN), Kano State Head of Service, Abdullahi Musa, underscored the administration’s dedication to improving workers’ living standards. He stated that rejoining the housing scheme reflects Governor Yusuf’s recognition of the vital role affordable housing plays in boosting productivity and workforce efficiency.

Musa emphasized that the scheme offers an opportunity for workers to own homes, reducing the housing deficit in Kano and alleviating the socioeconomic burden of renting. He encouraged workers and labor unions to seize this chance to secure affordable housing solutions through the Federal Mortgage Bank.

19TH AFRICA INTERNATIONAL HOUSING SHOW

FMBN Managing Director, Shehu Usman Osidi, hailed Kano’s return to the NHF as a testament to the state government’s renewed commitment to enhancing workers’ welfare. Osidi outlined the benefits of the scheme, which include single-digit interest loans for homeownership, home renovation, cooperative housing development, and rent-to-own programs.

According to Osidi, the FMBN has already financed 10 housing projects in Kano valued at over ₦6.8 billion, with most projects completed and delivered. Additionally, an extra ₦1.3 billion has been allocated for home renovation loans to further support workers in achieving their homeownership goals.

This reintegration marks a significant step in addressing Kano’s housing deficit while fostering economic and social stability for state employees.

You Might Also Like

Oil Prices Decline as Middle East Conflict Shows Signs of Containment; Gold Nears Record High

Missile Barrage from Iran Damages U.S. Embassy in Tel Aviv; No Injuries Reported

Anambra’s Housing Agency Taps New Onitsha Estate Leaders to Recover Outstanding Rates

NUPRC, Indigenous Oil Producers Strengthen Alliance to Boost Transparency, Output

NNPCL Reports ₦5.89 Trillion Revenue and ₦748 Billion Profit for April 2025

Join Our Whatsapp Group

Contact Image

Join Our WhatsApp Channel

Housing TV Africa is the First Housing News Television
in Africa on Startimes Channel 149 bringing you
Housing News, Mortgage News, Construction News etc

TAGGED: AFFORDABLE HOUSING, Africa housing news, Housing, Latest Housing News & Updates - Africa Housing News, National housing fund, news, NHF
Fesadeb January 31, 2025 January 31, 2025
Share this Article
Facebook Twitter Email Print

© Africa Housing News. All Rights Reserved 2024

Welcome Back!

Sign in to your account

Lost your password?