FMBN housing scheme: Oyo governor receives real estate developer, gives go ahead

The acting Governor of Oyo state, Barrister Adebayo Abdul-raheem Lawal, has disclosed the state’s willingness to benefit from the Federal Mortgage Bank of Nigeria, Nigeria Labour Congress, Trade Union Congress and Nigeria Employer’s Consultative Association (FMBN/NLC/TUC/NECA) housing scheme.

Lawal made the disclosure on Saturday while receiving the Managing Director/Chief Executive Officer (MD/CEO) of 247ibuilders Global Ltd, Mr. Olugbenga Daniels, an accredited Developer of the Federal Mortgage Bank of Nigeria (FMBN), at his Bashorun home, Ibadan.

The visit was imperative in a bid to hasten government’s provision of land for the scheme to ensure Oyo state maximise benefit.

While speaking, Mr. Olugbenga expressed appreciation to the acting governor for approving the meeting, adding that such move indicated his interest towards the development of Oyo state housing sector.

He said the acting governor was full of wisdom amidst friendly disposition for the growth of the state, saying his personal approval to hold the meeting suggested his core interest in developing the state housing scheme.

The CEO confirmed that Oyo state has not benefited from the scheme because the state was yet to donate any land for such project.

Olugbenga disclosed that the FMBN board sits quarterly, and that its next meeting might be in the early days of October, hence the need to provide the land in September for ease of FMBN’s approval.

He added that Oyo state will benefit in diverse ways including but not limited to job creations, accelerated development, revenue to the state through coordinated property tax and the government will be meeting up on its mandate of providing affordable housing for its citizens.

Olugbenga nodded in agreement when the acting governor inquired about the NLC and TUC’s relationship with the developer.

Lawal stated that during his most recent trip to Abuja, he met with the MD and ED Loans FMBN and further confirmed the state’s willingness to benefit from the housing scheme and directed a member of the housing board, Elder Ayoade Adekola, to tidy up with 247ibuilders Global Ltd on the provision of the required land.

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