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"There is a programme we are coming up with known as ‘Housing for Lecturers’"

November 10, 2015 5:34 PM

The Federal Mortgage Bank of Nigeria(FMBN) is set to launch a housing scheme for university lecturers.

Federal Mortgage Bank of Nigeria

The Federal Mortgage Bank of Nigeria(FMBN) is about to launch a housing scheme for university lecturers.

In an interview with Daily Times, the Managing Director of the Bank, Mr. Gimba Ya’u Kumo, said the scheme will be launched in January 2016, among other things.

“We realised that students also don’t have adequate houses, so there is a programme we are coming up with known as ‘Housing for Lecturers’. We are discussing with ASUU (Academic Staff Union of Universities), and we are coming up with a pilot programme that is going to be in the six geo-political zones of the country. We will start with the federal universities, because we will have access to their funds directly. When that works very well, then we will now replicate it in other universities and other higher institutions of learning and to also see how we can address the issue of hostel accommodations for students. These are some of the programmes that are in the pipeline."

READ: FMBN will launch “Rent-to-Own” scheme before end of the year

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