Breaking News

OSSG Raises Alarm over Murder Plot by APC Chieftain. | Governor Adeleke to Osun People: Thank You for A-Rating our Government & Entrenching the PDP in Osun | Governor Adeleke rues the passing of Oludo, Oba Adedapo | Odeomu Accident: Governor Adeleke Commiserates with Families of Victims, Promises Full Investigation and Action. | Collapsed Theatre: Governor Adeleke assures OAU of support. | Folorunso Alakija to Governor Adeleke: You are an Action Governor. | Governor Adeleke Celebrates Ovation Publisher, Akinrogun Dele Momodu, On His Birthday. | Osun Exco Reviews State Electricity Bill and Airport Report. | Igbajo: Governor Adeleke Reads Riot Act, Vows to Deal with Troublemakers. | REMARKS OF HIS EXCELLENCY AT HIS CHIEFTAINCY INSTALLATION. | OSUN SSG PAYS TRIBUTE TO GOVERNOR ADELEKE AT 64, DESCRIBES HIM AS A TRANSFORMATIVE LEADER. | AMVCA Award: Governor Adeleke Celebrates Osogbo Born Layi Wasabi, Promises Support for Osun Entertainment Industry | Governor Adeleke celebrates Alhaji Ganiyu Ola-Oluwa on his birthday | GOVERNOR ADELEKE EXTOLS AFENIFERE LEADER, PA FASORANTI AT 98 | Governor Adeleke Tasks Telecom Firms on Partnership with Subnational Entities, Commends Glo Community Commitment | Osun Transport Masterplan to Be Ready Soon-Governor Adeleke. | How Our Government is Addressing Unemployment Crisis-Governor Adeleke. | Lagere Flyover Bridge Will Deepen Osun East Economy-Ooni of Ife. | ADDRESS DELIVERED BY THE EXECUTIVE GOVERNOR OF OSUN STATE, HIS EXCELLENCY, SENATOR ADEMOLA JACKSON NURUDEEN ADELEKE ON TUESDAY 6th OF MAY, 2024 AT THE OFFICIAL FLAG-OFF CEREMONY OF THE FLYOVER BRIDGE AT LAGERE JUNCTION. | Governor Adeleke Did not Borrow a Kobo- Spokesperson
coat of arms
Webmaster January 20, 2014

Osun Set To Access N1.5bn FMBN Housing Loan

coat of armsOsun State government has commenced moves to take up a housing development loan facility of N1.5 billion offered by the Federal Mortgage Bank of Nigeria (FMBN)
To this end, Gov. Rauf Aregbesola recently wrote a letter to the State House of Assembly seeking approval to access the loan. In the letter, the governor said if approved, the loan would be used to build 342 housing units by the State Property Development Corporation. He said the houses would be sold to the contributors to the National Housing Fund in the state public service.
Aregbesola said his administration had deemed it worthwhile to accept the loan offer because of its benefits, noting that the move to build the houses is part of efforts at realizing the objectives of the Urban Renewal Programme of his administration.
The letter read in part: “FMBN offered the state in principle, loan facilities of N1.5 billion on April 8, 2011, the opportunity which the last administration missed in May, 2010. OSPDC has been directed to access the loan, as all requirements have been met towards gaining access to the loan facility, except forwarding the loan application to the State House of Assembly for ratification.
“This administration has deemed it worthwhile to accept the offer taking cognizance of the numerous advantages deliverable from it, if adequately administered. The physical growth and development of our urban centres which is a clear testimony of the Urban Renewal Programme this administration is intending to achieve can become realizable. Land affordability, job creation, our doggedness towards revenue generation, among other things, are consequences of this venture. This is a rare opportunity that should be embraced with open hands by a state that has not experienced such.”
The letter also indicated that Ajaka Estate, Ilesa; Moremi Estate, Ile-Ife; Owamiran Estate, Esa-Oke; Olufi Estate, Gbongan; Akoda Estate, Ede; Oluwo Estate, Iwo; Okinni Estate, Okinni; Okuku Estate, Okuku, and Agunbe Estate, Ikirun, would benefit from physical development through the loan facility.

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: