Federal Government Staff Housing Loans Board (FGSHLB) has partnered with the Nigeria Mortgage Refinance Company (NMRC) to enable civil servants have access to affordable homes.
Speaking during a meeting between the two organisations last week, FGSHLB Executive Secretary, Dr. (Mrs.) Hannatu Adamu Fika, said they entered into a partnership to ease the difficulty in accessing mortgages by staff of MDAs to build their own homes.
In a statement signed at the weekend by FGSHLB public relations officer, Akinwale Adegbola Mrs. Fika noted that the partnership would greatly assist the public servants that are eagerly waiting to access housing loan either to build or purchase houses directly from developers.
She explained that the loan disbursed through the board is risk free since it has a robust repayment mechanism as most of the public servants are on IPPIS platform and repayment of housing loan is a first charge on loan beneficiaries’ salary.
Also speaking, the Managing Director, NMRC, Professor Charles Inyongete assured that with the large portfolio of mortgage from the Board, the NMRC would secure a refinance on single digit interest rate which will make the facility convenient for public servants. Prof. Inyongete reaffirmed his commitment to refinance all conforming loans brought to NMRC through appropriate channels and look forward to an enduring relationship.
By: Usman A. Bello