Civil Servants in Lagos may become landlords before they leave active service, but this will only be possible if they can tap into the opportunities in the National Housing Scheme handled by the Federal Mortgage Bank of Nigeria.
Goal 11 of the United Nations 2030 Agenda for Sustainable Development covers the social development aspect of housing that should be provided to citizens by the government.
Owning a decent home is necessary but, many are unable to match their earning power with this for one reason – it is expensive business looking for accommodation that matches ones taste in Lagos.
Typically, the costC of 2-bedroom apartment could range between N4 million to N8 million, excluding the cost of land, based on the location.
For many Civil servants, raising such amount of money to own a house of their dream remains a herculean task.
Now, the National Housing Scheme spearheaded by the Federal Mortgage Bank of Nigeria is trying to bridge the gap. The Federal Mortgage Bank of Nigeria’s operational plans to ensure a better life for civil servants, informal workers and others, is one of the areas covered here.
Participants believed, if it is well managed, civil servants in the State will benefit a great deal from the scheme.
Housing remains one of the major challenges of most civil servants after years of active service, and it is hope that if the scheme is properly implemented they will be happy for it.