{"id":4039,"date":"2017-05-01T04:23:52","date_gmt":"2017-05-01T04:23:52","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/federal-workers-nmrc-in-n13-billion-mortgage-refinancing-deal\/"},"modified":"2017-05-01T04:23:52","modified_gmt":"2017-05-01T04:23:52","slug":"federal-workers-nmrc-in-n13-billion-mortgage-refinancing-deal","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/federal-workers-nmrc-in-n13-billion-mortgage-refinancing-deal\/","title":{"rendered":"Federal workers, NMRC in N13 billion mortgage refinancing deal"},"content":{"rendered":"<p>\n<\/p>\n<div id=\"\">\n<div id=\"attachment_279285\" class=\"wp-caption aligncenter\" readability=\"45\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/df40c883ce39e4e057bc02f0324bbc90.jpg?resize=1280%2C724&#038;ssl=1\" data-lazy-src=\"https:\/\/i0.wp.com\/guardian.ng\/wp-content\/plugins\/ventra-lazy-load\/images\/1x1.trans.gif?ssl=1\" data-lazy-srcset=\"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/df40c883ce39e4e057bc02f0324bbc90.jpg 1280w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017-1057x598.jpg 1057w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017-320x181.jpg 320w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017-281x158.jpg 281w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017-531x299.jpg 531w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017-487x275.jpg 487w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017-974x551.jpg 974w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017-640x362.jpg 640w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017-600x339.jpg 600w\" alt=\"\" width=\"1280\" height=\"724\" class=\"size-full wp-image-279285\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\"\/><noscript><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/df40c883ce39e4e057bc02f0324bbc90.jpg?resize=1280%2C724&#038;ssl=1\" alt=\"\" width=\"1280\" height=\"724\" class=\"size-full wp-image-279285\" srcset=\"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/df40c883ce39e4e057bc02f0324bbc90.jpg 1280w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017-1057x598.jpg 1057w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017-320x181.jpg 320w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017-281x158.jpg 281w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017-531x299.jpg 531w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017-487x275.jpg 487w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017-974x551.jpg 974w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017-640x362.jpg 640w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017-600x339.jpg 600w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\"\/><\/noscript><\/p>\n<p class=\"wp-caption-text\">Chairman, implementation committee of the Federal Government Integrated Staff <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">Housing<\/a> programme (FISH), Mr. Yemi Adelakun (left);  Managing Director, Nigeria <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">Mortgage<\/a> 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 Housing <a href=\"https:\/\/amazingproperty.com.ng\/blog\/fast-flexible-real-estate-loans-usa\/\">Loans<\/a> Board,  Mrs Hannatu Fika during the signing of an MOU in Abuja.<\/p>\n<\/div>\n<p>Towards providing adequate <a href=\"https:\/\/amazingproperty.com.ng\/blog\/get-quick-loan-for-real-estate-investment\/\">funding<\/a> at low interest rate for the delivery of <a href=\"https:\/\/amazingproperty.com.ng\/blog\/affordable-housing-markets-for-buyers\/\">affordable housing<\/a> to public servants, the Federal Government has entered into a N13 billion mortgage deal with Nigeria Mortgage Refinancing Company (NMRC).<\/p>\n<p>The deal is coming under the Federal Integrated\u00a0Staff Housing programme (FISH), the Memorandum\u00a0of Understanding (MOU) was signed between the Federal Government Staff Housing Board (FGSHLB) and the private sector-led mortgage firm. FISH programme and Family Homes Funds also endorsed an MOU to provide affordable housing.<\/p>\n<p>The Head of Civil Service, Mrs. Winifred Oyo-Ita who witnessed the event at a one-day FISH-P Housing summit 2017 held in Abuja on the theme, \u201dinnovative Strategies For Affordable housing\u201d, said 30,000 civil servants have been profiled as off takers and deductions of mortgage or loan repayment directly from their monthly salaries on delivery of <a href=\"https:\/\/amazingproperty.com.ng\/blog\/really-nice-property-for-sale-in-nigeria\/\">houses<\/a> of their choice have begun.<\/p>\n<p>The FISH programme, an initiative of the President Mohammadu Buhari led Federal Government, anchored by the office of the federal civil service of the federation, entered into partnerships with ten primary mortgage bankers to facilitate prompt processing of mortgage applications with Federal Mortgage Bank of Nigeria.<\/p>\n<p>The scheme was designed by the Head of Civil Service of the Federation in 2016 to alleviate the housing challenges experienced by civil servants in Abuja and other state capitals of the nation and administered through an inter-Ministerial Committee comprising Pertinent Secretaries, Managing directors, Directors-General, Executive Secretaries and other officials of government<\/p>\n<p>The Head of Service further disclosed that the government is entering into partnerships with manufacturers of <a href=\"https:\/\/amazingproperty.com.ng\/blog\/discover-the-top-construction-materials\/\">building materials<\/a> for discounted volume prices to drive the cost of houses much lower.<\/p>\n<p>The Nigerian Mortgage Refinance Company, Managing Director, \u00a0Prof. Charles Iyangete, who said his organisation will partner in delivering an innovative as well as constructive mortgage <a href=\"https:\/\/amazingproperty.com.ng\/blog\/construction-loans-for-commercial-and-residential-builders\/\">financing<\/a> of affordable houses to civil servants, also revealed that the memorandum of understanding entered with his organisation, will enable them and other relevant agencies partnering in the FISH Programme, ensure that the housing deficit experienced by public servants are resolved within the best possible time.<\/p>\n<p>Earlier, the Chairman of FISH\u00a0Committee and Permanent Secretary, Common Services in the office of the Head of service, Yemi Adelakun said the major problem facing the programme\u00a0includes difficulties to allocation and acquisition of land from the federal and state governments, provision of infrastructures at minimal and subsidized costs, additional sources of funding for construction and mortgages at single digit interest rates among others.<\/p>\n<p>The President, Nigerian Institute of Architects, Tonye Braide\u00a0promised that the institute would participate in the FISH programme by expanding on the ideas postulated therein.<\/p>\n<p>He said: \u201dWhat may be needed could be the adjustment to meet a Nigerian Operating model in addition, the institute can also provide value added services to assist with bulk purchase\/procurement, <a class=\"wpil_keyword_link\" href=\"https:\/\/amazingproperty.com.ng\/blog\/what-us-insurance-companies-offer-the-best-workers-compensation-insurance\"   title=\"insurance\" data-wpil-keyword-link=\"linked\">insurance<\/a> management, information services and supply chain management.\u201d<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"http:\/\/guardian.ng\/property\/federal-workers-nmrc-in-n13-billion-mortgage-refinancing-deal\/\"> link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chairman, implementation committee of the Federal Government Integrated Staff Housing programme (FISH), Mr. Yemi Adelakun (left); &hellip; <a title=\"Federal workers, NMRC in N13 billion mortgage refinancing deal\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/federal-workers-nmrc-in-n13-billion-mortgage-refinancing-deal\/\"><span class=\"screen-reader-text\">Federal workers, NMRC in N13 billion mortgage refinancing deal<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4040,"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":[4751,15239,2890,1331,617,489,344,698,1329,3058,408,1032,312,522,41],"class_list":["post-4039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-chase","tag-construction","tag-finance","tag-house","tag-houses","tag-housing","tag-insurance","tag-loan","tag-location","tag-mortgage","tag-mortgage-bank","tag-mortgages","tag-nigeria","tag-property"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/FISH-01-05-2017.jpg?fit=1280%2C724&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":23044,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-stayed-stable\/","url_meta":{"origin":4039,"position":0},"title":"Mortgage Rates Stayed Stable","author":"Amazing Property","date":"December 3, 2021","format":false,"excerpt":"\u00a0 Mortgage Rates Stayed Stable this week . 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