The federal government has announced a N10 billion housing scheme to bridge Nigeria’s housing deficit and facilitate affordable housing for low and middle income workers.
Head of Service of the Federation, Mrs Didi Esther Walson-Jack, made the announcent in Abuja on Friday during a joint press conference with the Federal Mortgage Bank of Nigeria, National Pension Commission, among other relevant agencies.
She said, “The President has approved a ten billion Naira housing loan scheme for civil servants to improve access to home ownership for civil servants. This loan will be facilitated through the Federal Mortgage Bank of Nigeria and the Federal Government Staff Housing Loans Board.
“There’s a saying that a person who owns their own home, they stand differently. When a civil servant knows that their family has a place they can call their own, they come to work with a different swagger. With more stability, more focus, and more purpose which is why the federal government has announced this scheme,”
She also announced other incentives for Civil servants including “providing a 100% of a retiring employee’s total annual emoluments to Treasury-funded civil servants under the Contributory Pension Scheme, effective from 1 January 2026 in accordance with Section 44A of the Pension Reform Act 2014, which empowers employers to grant additional retirement benefits,”
Other incentives include increase in peculiar allowance, payment of full duty tour allowance, that is 100%, for civil servants attending approved training programs at approved manpower development institutions, estacode, book allowance, among others
She explained that the adjustments were calibrated to reflect current economic realities.
Also speaking on the issue, the Managing Director of the Federal Mortgage Bank, Shehu Usman Osidi, said the partnership with the Federal Government Staff Housing Loans Board marks the beginning of transformation to improve affordable housing for Nigerians especially civil servants
“The formalization of a strategic partnership marks the dawn of a renewed commitment to improving the lives and welfare of Nigerian workers, particularly our hard-working Federal Civil Servants, who remain the backbone of our nation’s civil service. At the FNBN, we hold firmly to the belief that access to safe, decent and affordable housing is not a luxury but a necessity. It is central to dignity, productivity and national development.
“This is why our core mandate, driven through the National Housing Fund scheme, has consistently focused on expanding access to affordable housing finance for Nigerian workers. Over the years, we have supported thousands of Nigerians to achieve home-ownership through the National Housing Fund mortgage loan scheme.
“The Federal Mortgage Bank of Nigeria will provide funding to the Federal Government Staff Housing Loans Board for on-lending to federal civil servants.
“It will provide multiple options tailored to meet the diverse housing needs of workers, whether for homeownership, renovation, rent support, or incremental housing development. In today’s Nigeria, the need for innovative housing solutions cannot be over-emphasized, given the rising housing income and rising prices of building materials.,” Osidi explained
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