We’ll Initiate National Cooperative Housing Scheme for Informal Sector, Says Fashola

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Minister of Works and Housing, Babatunde Fashola, has said the Federal Government plans to initiate a National Cooperative Housing Scheme in the country as a provision to bring the informal sector into the nation’s Housing Programme.

Fashola, who spoke at the unveiling of Karmod Nigeria Limited’s Pre-Fabricated Assembly and Installation Building facility in Abuja, said the objective was to use cooperatives as a driving force in the country’s housing programme, adding that their success in markets, in transportation and agriculture, among other areas of the economy would be an incentive to achieve success in the sector.

The minister, who said the government would also leverage on the successes and numerical strength of the cooperatives manifested in the many unions and associations they have in every state of the country, added that they would be mobilised under the aegis of the Federal Mortgage Bank of Nigeria to obtain loans to develop…

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