Federal Government Staff Housing Loans Board (FGSHLB) offers a single digit, 3 per cent competitive interest rate on housing loans to reduce the financial burden on the off takers.
Hajia Salamatu Ladi Ahmed, the Executive Secretary, FGSHLB, disclosed this at the 7th Nigeria Affordable Housing Finance and Innovation Summit held on 26th-27th November 2024, at Shehu Musa Yar’Adua Centre, Abuja.
Speaking on a topic, “Optimising end-user finance,” the Executive Secretary said that apart from the affordable interest rates, the Board has other strategies such as flexible repayment plans that cater to different income groups and financial capabilities that allow repayment of housing loans between five and twenty-five years.
According to Hajia Salamatu Ahmed, the board partners with developers and government agencies to create affordable housing options to offtakers, thereby making housing more accessible to those who need it most.
She added that her organisation has a loan ceiling amount for different levels of officers with a special scheme, emphasizing that the housing loan can be accessed by Federal Public Servants on grade levels 03 to 17 from the official website www.fgshlb.gov.ng
Hajia Salamatu Ahmed assured that the board is working assiduously to ensure more Federal Public Servants have access to housing loans.
In his welcome address, the founder/CEO NISH Affordable Housing Limited and convener of the summit, Dr. Saheed Kayode Yemi Adelakun said that the theme of the Nigeria Affordable Housing Finance and Innovation Summit 2024 (NAHFIS24) which is disrupting housing finance for inclusive development is apt and timely in line with the common statement, “housing is finance”.
“The strategic objective of NAHFIS24 is to proffer solutions to the housing needs of low – and medium income earners in Nigeria through innovative development and end to end financing of affordable but decent homes,” he stated.
A communique was issued at the end of the summit, with clear, actionable plans for delivering affordable housing.
Signed
Obiechina Ngozi
Head, Information Unit
