Kogi state government is set to partner with a real estate development company, Mufkad Estate to deliver a rent-to-own housing estate for civil servants in the state.
This was disclosed by Engr. Suberu Onimisi Nusa, Project Manager of Mufkad Estate.
Engr. Nusa explained that Mufkad is working closely with the State Ministry of Housing and Urban Development under the directive of Governor Ahmed Usman Ododo to fast-track the rollout of the project and ensure it meets the needs of public sector workers in the state.
““We met with the Honourable Commissioner for Housing and Urban Development, on the instruction of His Excellency, Governor Ahmed Usman Ododo, to chart a way forward for immediate delivery of affordable housing.
“The Governor has tasked us with developing a rent-to-own model in partnership with the Federal Mortgage Bank of Nigeria, so civil servants can occupy these homes and pay over time,” he said.
According to him, the project is a direct response to the rising cost of rent in Kogi, particularly in Lokoja, and aims to provide civil servants with dignified and affordable housing options.
He revealed that the housing units will be made available under a rent-to-own scheme supported by the Federal Mortgage Bank of Nigeria, with flexible payment plans spread over 15 to 20 years at single-digit interest rates.
The proposed rent-to-own housing model for civil servants in the state is part of Mufkad’s commitment to support the housing development agenda of Governor Ododo’s administration.
