Committed to improving the living condition of Nigerians, the Federal Mortgage Bank of Nigeria (FMBN) yesterday disbursed Home Renovation Loans worth N643m to 740 federal civil servants across the Ministries, Departments and Agencies (MDAs) through the Federal Government Staff Housing Loans Board (FGSHLB).
With the latest disbursement, the FMBN has approved and disbursed the sum of N1.2bn for 1,347 federal civil servants contributing to the National Housing Fund (NHF) through the FGSHLB.
Speaking during the disbursement in Abuja, the managing director/chief executive of FMBN, Arc. Ahmed Dangiwa, noted that the sum of N3. 35bn has so far been disbursed to 4, 342 beneficiaries across the country for both federal and state civil servants as well as employees of the organised private sector through the loan window.
He stated that the presentation of cheques to the fifth batch of beneficiaries was part of activities commemorating the 2017 African Civil Service week adding that the maximum loan amount for each beneficiary is N1m.
On the repayment period, he said, “Repayment shall be through monthly payments via deductions from FGSHLB and the respective Heads of Service of the States or the Chief Executives of respective organisations in the case of employees of the organised private sector and it shall not exceed 33 1/3 percent of their monthly income”.
The MD maintained that the collaboration is a clear demonstration of Head of Service concern in addressing the housing needs of civil servants which is one of the cardinal agenda of the current administration.
Also speaking, the Executive Secretary of FGSHLB, Dr Hannatu Fika, was optimistic that the event is an indication of government’s commitment to its teeming workforce stressing that it would eradicate corrupt practices in civil service.
She requested that the telecommunication giant, Globacom who introduced the new Glo Civic for civil servants should direct certain percentage of the proceeds to FISH scheme aside the distribution of free lines.
On her part, the Head of Service of the Federation, Mrs Winifred Oyo-Ita, noted that the Service presented home keys to 20 civil servants at Kurudu Abuja yesterday through similar initiative.
She further expressed satisfaction with the relationship with Globacom adding that they should provide tangible support to FISH programme which she described as catalyst for achieving growth in the building and construction industry.