The Nigeria Mortgage Refinance Company (NMRC), recently signed a mortgage refinance agreement of N13billion with the Federal Government under the Federal Integrated Staff Housing (FISH) Programme

Speaking at the MOU signing event, a one-day FISH-P Housing Summit 2017 held in Abuja on the theme “innovative Strategies for Affordable Housing”, the Head of Civil Service, Mrs. Winifred Oyo-Ita said, “30,000 civil servants have been profiled as off takers and deductions of mortgage or loan repayment directly from their monthly salaries on delivery of houses of their choice have begun”. She added that the government is entering into partnerships with manufacturers of building materials for discounted volume prices to drive the cost of houses much lower

Also speaking at the event, the MD/CEO, NMRC, Prof. Charles Iyangete, said, NMRC will partner in delivering an innovative as well as constructive mortgage refinancing of affordable houses to Civil Servants. He also revealed that the memorandum of understanding will enable NMRC and other relevant agencies partnering in the FISH Programme, ensure that the housing deficit experienced by public servants are resolved within the best possible time

The FISH programme is an initiative of the President Mohammadu Buhari led Government, anchored by the office of the Federal Civil Service of the Federation. It was designed by the Head of Civil Service of the Federation in 2016 to alleviate the housing challenges experienced by civil servants in Abuja and other state capitals of the nation and administered through an inter-Ministerial Committee comprising Pertinent Secretaries, Managing directors, Directors-General, Executive Secretaries and other officials of government