Dangote and BUA Groups of Companies set to partner FMBN towards boosting affordable housing delivery for Nigerians.

Dangote and BUA Groups of Companies set to partner FMBN towards boosting affordable housing delivery for Nigerians.

Alhaji Aliko Dangote chairman and CEOs of Dangote and AbdulSamad Isyaku Rabiu chairman, BUA Groups of Companies set to partner the Federal Mortgage Bank of Nigeria (FMBN) towards boosting affordable housing delivery for Nigerians.

Dangote, who ranks as Africa’s richest business magnate and Isyaku Rabiu, a leading Nigerian businessman extends the hand of partnership to FMBN. In a joint courtesy call on the bank’s board of directors recently.  He supports the proposed restructuring and N500bn recapitalisation of the Federal Mortgage Bank of Nigeria for effective service delivery. It is a much needed development that will help power Federal Mortgage Bank of Nigeria.

Dangote advised FMBN to consider adopting mass housing models that have worked in other countries such as Ethiopia. The chairman of BUA Group of Companies, AbdulSamad Isyaku Rabiu, is also in a close partnership.

The President and CEO of Dangote Group also stated that his company is ready to collaborate with FMBN. Towards lowering the housing deficit by increasing the tempo and scale of social housing provision across the country.

His words: “Count me as a friend. We are open to collaborating and supporting the good work that your bank is doing. Ensuring the provision of affordable housing to medium and low income earners in Nigeria”.