As many as five thousand workers in Katsina State are said to have benefited from the Federal Mortgage Bank of Nigeria’s (FMBN) N6 billion home improvement loan scheme.
The bank’s managing director, Ahmed Musa Dangiwa, revealed this to Katsina, saying the loans were part of the 2.5% contribution of base salary paid by state officials.
According to him, of the 5,000 beneficiaries, 3,000 workers used the funds wisely to build and renovate their homes, while few others used their share to solve family problems.
He thanked the Katsina State Government for enrolling the workers in the scheme which helped them avail the loan and several other housing projects launched in the state, adding that the FMBN in collaboration with the state government, also built 1,358 houses for workers in the housing program project.
The houses were distributed among the three senatorial districts of the state, according to the size of the land provided by the state government for construction.
Dangiwa notes that “in the Katsina area, the FMBN, the Nigeria Labor Congress (NLC) partner in the state, has built about 320 houses. The Nigeria Medical Association (NMA) has also benefited from the cooperative development loans of about 80 houses built. The state government provided all the land. “
He added that 85 houses have also been approved for construction at Isah Kaita College of Education, Dutsima. Another 80 houses are under construction at the Federal University of Dutsima, while 85 houses have also been built at the Bala Usman College of Education in Daura.
He then thanked Governor Aminu Bello Masari for partnering with FMBN to help workers become owners before leaving the service.