FG To Revive 46 Abandoned Housing Projects in Nigeria

FMBN Managing Director, Shehu Usman Osidi, announced a partnership with Shelter Afrique Development Bank to facilitate the rehabilitation process.

The collaboration aims to provide construction and mortgage financing, addressing challenges faced by developers in Nigeria.

 Osidi highlighted past issues with financing agreements and pledged to review and rectify Memoranda of Understanding to ensure project completion.

FMBN and Shelter Afrique are committed to collaborating with government and stakeholders to tackle Nigeria's housing deficit, creating jobs and opportunities in the process.