The Federal Mortgage Bank of Nigeria (FMBN) has pledged a staggering N100 billion to fuel the ambitious Renewed Hope Cities and Estates Programme.
This initiative, set to revolutionize housing across the nation, aims to construct a whopping 100,000 housing units.
The announcement came amidst the grandeur of the maiden Nigeria Police Housing Summit at the prestigious Nicon Luxury Hotel in Abuja.
Shehu Usman Osidi, the dynamic Managing Director of FMBN, unveiled this game-changing commitment, representing the esteemed Minister of Housing and Urban Development, Ahmed Dangiwa.
The N100 billion off-taker guarantee will catalyze a consortium of developers, ensuring the smooth execution of this monumental project.
Moreover, FMBN’s dedication doesn’t end there—it plans to extend mortgage loans to the off-takers once these dream homes are completed, promising a brighter future for countless Nigerians.
The Renewed Hope Cities and Estates Programme is not just about numbers; it’s a vision for vibrant communities.
Phase One alone will see the creation of 50,000 housing units, strategically distributed across Nigeria.
From the bustling heart of Abuja to the serene landscapes of Lagos and beyond, these homes will redefine modern living.
President Bola Ahmed Tinubu’s groundbreaking ceremony on February 8, 2024, marked the program’s official launch at the Pilot Site in Karsana, Abuja.
A preview of what’s to come, this site boasts 3,112 meticulously designed units, offering a range from cosy 1-bedroom flats to spacious 4-bedroom terrace units. But the excitement doesn’t stop there.
The rollout continues with upcoming groundbreaking events nationwide, including 2,500 Renewed Hope City units in Ibeju-Lekki Coastal City, Lagos, and a 500-housing unit Renewed Hope Estate in Kano.
From the lush greens of Ogun to the cultural richness of Sokoto, every corner of Nigeria will witness the dawn of Renewed Hope.
With such bold initiatives, the dream of owning a home is no longer a distant fantasy—it’s a tangible reality, powered by FMBN’s unwavering commitment to building brighter futures for all Nigerians.
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