{"id":3849,"date":"2017-04-27T11:27:56","date_gmt":"2017-04-27T11:27:56","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/?p=3849"},"modified":"2017-04-27T11:27:56","modified_gmt":"2017-04-27T11:27:56","slug":"fg-signs-n13bn-mortgage-refinancing-mou-workers-housing","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/fg-signs-n13bn-mortgage-refinancing-mou-workers-housing\/","title":{"rendered":"FG Signs N13bn Mortgage Refinancing MoU on Workers\u2019 Housing"},"content":{"rendered":"

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\"HoS),
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Head of Civil Service of the Federation (HoS), Mrs Wilfred Ekanem Oyo-Ita.<\/strong><\/figcaption><\/figure>\n<\/div>\n

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The federal government on Tuesday\u00a0stepped up its desire to deliver decent and affordable houses<\/a> for public workers by signing a Memoranda of Understanding (MoU) for N13 billion mortgage<\/a> refinancing.<\/p>\n

The MoUs were signed towards approving loan<\/a> that would make it possible for some civil servants to purchase houses under the government backed Federal Integrated Staff Housing<\/a> (FISH) progamme.<\/p>\n

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The mortgage refinance agreement was signed at the FISH Summit between Federal Government Staff Housing Loan Board (FGSHLB) and Nigeria Mortgage Refinancing Company, while the second MoU was entered between Family Homes Funds which is another government institution to provide affordable housing<\/a> and the Federal Mortgage Bank of Nigeria.<\/p>\n

The Federal Ministry of Finance and the Managing Director Nigerian Mortgage Refinance Company, Dr Charles Iyangete, signed the multibillion loan agreement, \u00a0while the \u00a0Executive Secretary Federal Housing Loans<\/a> Board, Hanatu Fika, signed the second agreement with the Federal Housing Authority on behalf of workers.
\nThere are over 30,000 registered and profiled off-takers who have authorised deductions of mortgage or loan repayment directly from their monthly salaries.<\/p>\n

The Office of the Head of Civil Service of the Federation (HoS) also entered into partnership with the manufacturers of building materials<\/a> led by Dangote Cement for discounted volume prices to down the cost of building the houses.<\/p>\n

The HoS, Mrs. Wilfred Oyo-Ita, described yesterday summit as a golden opportunity to deliberate on strategies that would guarantee affordable housing as well as sustainable sources of funds for FISH Programme.
\nShe lamented the cheap and poor quality housing workers reside in satellite towns has adversely impacted on productivity.<\/p>\n

\u201cThe FISH Programme being a sub-set of the federal government mass-housing scheme provides an impetus for the uplifment of the welfare of the federal civil servants. It was designed to alleviate housing challenges of workers in the FCT,\u201d Oyo -Ita said.<\/p>\n

One of the high points of yesterday\u2019s summit was the \u00a0donation of three bedroom flat to the man whose wife delivered quintuplets last Saturday, by one of the housing developers, EFAB Properties.
\nAll charges relating to title documents plus the house were presented to Mr. Imudia Uduehi.
\nOyo-Ita said the gift was a fulfillment of a decent home she promised after Mrs Oluwakemi Uduehi gave birth to five baby girls.<\/p>\n

Meanwhile, the President Nigeria Stock Exchange, Aigboje Aig-Imokhuede, has clamoured at the summit that deposits from the Treasury Savings Account (TSA) be loaned to workers to enable them afford their own houses.<\/p>\n

Aig-Imokhuede also said for FISH programme to be successful and sustainable, \u00a0it must recognise opportunity cost, market forces and create a win-win synergy for all participants.
\nHe also called for the setting up of a trust fund from private sector to be managed by Nigerians with track record in trust funding<\/a>, adding that both federal and state governments should also provide land and subside housing.<\/p>\n


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Thisdaylive <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  Head of Civil Service of the Federation (HoS), Mrs Wilfred Ekanem Oyo-Ita. The federal government … FG Signs N13bn Mortgage Refinancing MoU on Workers\u2019 Housing<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3850,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[4751,15230,15239,1398,3048,1331,12908,543,617,489,344,1329,408,1032,399,522,416,41],"class_list":["post-3849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-amazon","tag-chase","tag-developers","tag-documents","tag-finance","tag-home","tag-home-buying-guide","tag-house","tag-houses","tag-housing","tag-loan","tag-mortgage","tag-mortgage-bank","tag-mortgage-refinancing","tag-nigeria","tag-properties","tag-property"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/HoS-Mrs-Wilfred-Ekanem-Oyo-Ita.jpg?fit=696%2C522&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":4039,"url":"https:\/\/amazingproperty.com.ng\/blog\/federal-workers-nmrc-in-n13-billion-mortgage-refinancing-deal\/","url_meta":{"origin":3849,"position":0},"title":"Federal workers, NMRC in N13 billion mortgage refinancing deal","author":"Amazing Property","date":"May 1, 2017","format":false,"excerpt":"Chairman, implementation committee of the Federal Government Integrated Staff Housing programme (FISH), Mr. Yemi Adelakun (left); Managing Director, Nigeria Mortgage Refinance Company Plc (NMRC), Prof. Charles Inyangete; Executive Director, Corporate Strategy and Partnerships, NMRC, Dr. Chika Akporji; Representative of Minister of Finance,Dr. Bakari Wadinga and Executive Secretary, Federal Government Staff\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017.jpg?fit=1200%2C679&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017.jpg?fit=1200%2C679&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017.jpg?fit=1200%2C679&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017.jpg?fit=1200%2C679&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017.jpg?fit=1200%2C679&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":3756,"url":"https:\/\/amazingproperty.com.ng\/blog\/opic-begins-mortgage-backed-affordable-housing-estate\/","url_meta":{"origin":3849,"position":1},"title":"OPIC begins mortgage-backed affordable housing estate","author":"Amazing Property","date":"April 24, 2017","format":false,"excerpt":"OPIC Managing Director, Mr. Babajide OdusoluPlans to remove barriers hampering aspiring home owners have been kick-started by the Ogun State Property and Investment Corporation (OPIC), with the launch of the first phase of OPIC\u2019s affordable housing units in New Makun City, Ogun State. The project would deliver 400 houses before\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Babajide-Odusolu.jpg?fit=640%2C360&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Babajide-Odusolu.jpg?fit=640%2C360&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Babajide-Odusolu.jpg?fit=640%2C360&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":5991,"url":"https:\/\/amazingproperty.com.ng\/blog\/housing-finance-fg-launches-easy-affordable-scheme\/","url_meta":{"origin":3849,"position":2},"title":"Housing finance: FG launches easy, affordable scheme","author":"Amazing Property","date":"August 29, 2017","format":false,"excerpt":"\u2026Says scheme to strengthen housing sector By Kingsley Adegboye & Ebi Asingba DETERMINED to make housing finance easy and affordable, the Federal Government has initiated Nigeria Housing Fund Programme, NHFP, which is under the Social Investment Fund of the Federal Government in which N100 billion has been set aside for\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"estate-12.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/estate-12.jpg?fit=412%2C202&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5606,"url":"https:\/\/amazingproperty.com.ng\/blog\/nmrc-refinances-n8-2-billion-mortgages-pledges-homeownership\/","url_meta":{"origin":3849,"position":3},"title":"NMRC refinances N8.2 billion mortgages, pledges homeownership","author":"Amazing Property","date":"August 7, 2017","format":false,"excerpt":"Company Secretary, Nigeria Mortgage Refinance Company (NMRC), Musa Bello (left); Chairman of the board, Dr. Charles Okealaham and Managing Director, Prof. Charles Inyangete during the third annual general meeting in Lagos. ...Signs MOU with Alphamead, OPIC on affordable housing Notwithstanding the harsh operating environment, especially high interest rates and inflation,\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/NMRC-07-08-2017.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/NMRC-07-08-2017.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/NMRC-07-08-2017.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/NMRC-07-08-2017.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/NMRC-07-08-2017.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":4131,"url":"https:\/\/amazingproperty.com.ng\/blog\/loan-applications-to-buy-spring-ahead-5\/","url_meta":{"origin":3849,"position":4},"title":"Loan Applications to Buy Spring Ahead 5%","author":"Amazing Property","date":"May 3, 2017","format":false,"excerpt":"Home buyers are returning to the mortgage market, undeterred by rising mortgage rates. 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