Nigeria: 17 Million Deficits – Adopting Ethiopia's Mass Housing Model, Dangote Says to the Government



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By Chika Okeke

Alhaji Aliko Dangote, President and CEO of Dangote Group, called on the federal government to adopt the mbad housing model in Ethiopia to fill the gap of more than 17 million homes in the country . [19659003] Dangote also stated that he supported the proposed restructuring and N500bn recapitalization of the Federal Mortgage Bank of Nigeria (FMBN) for the provision of efficient services. He said this during his visit to the bank's headquarters in Abuja alongside BUA chairman and CEO Alhaji Abdulsamad Isyaku Rabiu, on ways to boost the provision of affordable social housing for Nigerians.

lead to providing affordable housing for Nigerians. Dangote has badured that his company is ready to work with FMBN to reduce the housing deficit by increasing the tempo and scale of social housing provision across the country.

According to him, "Count me as a friend of FMBN because we are open to collaboration and eager to support the good work your bank is doing to ensure the provision of affordable housing to middle and low income people in Nigeria. "

In addition, the chairman of the BUA group of companies, Alhaji Abdul Samad Isyaku Rabiu said that In response, the chairman of the board of the FMBN, Dr. Adewale Adeeyo, praised the support and the partnership of companies for the development of the sector.

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