November 30, 2023

The Director-General of the NYSC, Brig Gen YD Ahmed & Mr. Hamman. The Chief Executive Officer of the FMBN

In a press statement signed by the NYSC Director of Press and Public Relations, the Federal Mortgage Bank of Nigeria (FMBN) has pledged its unwavering support to bolster the realization of affordable housing options for the dedicated members of the National Youth Service Corps (NYSC). The FMBN’s Managing Director, Mr. Madu Hamman, made this commitment during a meeting held today, where he warmly welcomed the senior management team of the NYSC to his office in the capital city of Abuja.

Mr. Hamman began by commending the commendable efforts of the Director General of NYSC, Brig Gen YD Ahmed, and his team in their crucial role of nurturing Nigerian youths into responsible and productive citizens. During the meeting, he presented a trio of housing schemes designed to extend housing benefits to NYSC staff.

Detailing the available options, Mr. Hamman stated, “The products at our disposal which your staff can key into are: National Housing Fund Mortgage Loan, Cooperative Housing Development Loan, and Ministerial Pilot Housing Scheme. We operate each of these plans in all our branches across the nation.”

In his address, Mr. Hamman reaffirmed the FMBN’s commitment to its core mission of ensuring that housing remains accessible to citizens across various income groups, especially the low and middle class. This effort aligns with the FMBN’s vision of empowering individuals to acquire homes at reasonable rates, thus contributing to the social and economic growth of the nation.

The Director-General of the NYSC, Brig Gen YD Ahmed, reciprocated the appreciation for the FMBN’s role in addressing housing challenges faced by many Nigerians. He articulated that the primary purpose of their visit was to establish a strong collaborative relationship with the FMBN. Such a partnership, he noted, would provide NYSC staff with the valuable opportunity to become homeowners, a significant facet of the welfare initiatives under his administration.

The dialogue between the FMBN and the NYSC highlights a promising prospect for NYSC staff members to access affordable housing solutions. This initiative, driven by the shared commitment of both institutions, has the potential to elevate the living standards of the nation’s youth and workforce.

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