Mrs. Winifred Oyo-Ita, Head of the Civil service of the Federation revealed this during a one day FISH housing workshop in Abuja.
Recall that the federal government on August 2, 2016 created FISH programme in order to solve the housing needs of civil servants.
She said, ‘’The financial commitments in this arrangements which is currently in the region of N30bn brought us to the realization that we require innovative strategies in financing the FISH project beyond the traditional sources like, the Federal government Staff Housing Loans Board, FGSHLB and the Federal Mortgage Bank of Nigeria, FMBN.
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“The FGBN grant housing loans to public servants at three percent and FMBN grant mortgage at six percent interest rate through primary mortgage institutions to civil servants and other Nigerians who are contributors to the National Housing Funds.”
Oyo-Ita also confirmed that over 23,000 civil servants across the country have been duly registered under the programme.
According to her, the FISH programme is aimed at “reducing the bottlenecks encountered in securing land for good cause projects and most importantly, to eliminate middlemen and land speculations from the housing value-chain.”