Wednesday, March 3African Business News
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Tag: Ahmed Dangiwa

N265bn disbursed under National Housing Fund, says FG

N265bn disbursed under National Housing Fund, says FG

Economy
The Federal Mortgage Bank on Wednesday announced that it had so far disbursed N265bn to subscribers under the National Housing Fund. It also announced that subscribers to the fund had increased to 5.1 million, as 570,000 new contributors had been added to the NHF scheme. The Managing Director of FMBN, Ahmed Dangiwa, said the cumulative disbursement of N265bn represented an increase of about N112bn or 74 per cent over the N152.5bn which the current management met in 2017. Dangiwa, who spoke at the 2020 Housing Summit in Abuja, stated that within the last three years, about 8,700 new homes had been added, a growth of 43 per cent, to attain a cumulative 29,133 funded housing units. He also noted that within the three-year period, NHF collections grew by N186bn, representing 80 per...