Fresh prospects may
be on the card for prospective homeowners in Ogun State, if statements made
recently by senior officials of the government are anything to go by. Apparently
bothered that average Nigerians cannot afford the cash and carry houses by developers,
the Ogun State Property and Investment
Corporation (OPIC), plans to roll out a mortgage scheme that will enable
aspiring home owners purchase homes with ease.
Under
the proposed mortgage scheme, OPIC is incorporating three mortgage banks,
Lafarge Holcim and private developers to drive the scheme under the apex
mortgage company, the Nigeria Mortgage
Refinance Company (NMRC) and Federal
Ministry of Finance. The first phase of the mortgage scheme will target 400
housing units in the New Makun City.
NMRC has been saddled with the responsibility of financing middle and affordable housing through technologically based methods. This is to relieve the populace of the hardship of owning standard houses at affordable prices.
OPIC
Managing Director, Mr. Babajide Odusolu revealed the move during an inspection
tour of OPIC estates along Lagos-Ibadan highway corridor recently. The
inspection tour was meant to expose NMRC, the three partnering mortgage banks,
and private developers to emerging opportunities in Ogun State real estate
sector.
Odusolu
said the NMRC “is meant to assist
developers to build more houses through a robust mortgage policy design to
finance and monitor technologically based method of building houses for
mortgages in all the States of the federation that are found suitable to anchor
the project.”
Odusolu
explained that opportunities now abound for average income earners to own
houses through a special mortgage scheme designed to fulfill a key cardinal
objective of Amosun administration. According to him, any person with a paid
employment or regular but unpredictable income could key into the plan, which
allows him to pay in installments over a long period of 20 years.
Odusolu
said: “This no doubt will
ameliorate the hardship of house ownership being faced by middle income
earners. Mortgage Scheme will further expand the economic base of the State;
creating employment opportunities while aiding the growth of infrastructure
across the four Senatorial Districts.”
NMRC
Managing Director, Professor Charles
Inyangate, expressed the commitment of the company in improving saying
housing stock, and as a financing body, we know provision of housing through
partnership with states governments.
For
Mr. Kola Ogunsulere, Managing
Director, Family Homes Funds Limited, Ogun State was found worthy, not only to
partner with NMRC, but to model other upcoming States while exposing the
generality of its citizenry to maximal benefits of NMRC’s mission of providing
housing for all.
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