(Ecofin Agency) - In Nigeria, the Federal Mortgage Bank (FMBN) has released about N1.2 billion for federal public workers to renovate their houses. This was announced by the executive secretary of the Federal Government Staff Housing Loans Board (FGSHLB), Hannatu Adamu Fika.

Speaking about beneficiaries who applied for the loans previously, she said: “Already, thousands of such applications for the renovation loan have been received from federal public servants including those in the academia.” Furthermore, she stressed on FGSHLB’s commitment to ensuring that workers have their own homes, in line with a promise made by President Buhari.

For his part, Ahmed Dangiwa, Managing Director FMBN, promised that more funds will be released for the workers in the same framework. He said the bank was dedicated to initiate, as soon as possible, the second phase of the partnership with the board to facilitate the
purchase of houses.