By Suleiman Abdulmumin
The Kogi State Government is partnering with real estate development firm Mufkad Estate to deliver a rent-to-own housing estate tailored for civil servants in the state.
This was disclosed by Engr. Suberu Nusa, Project Manager at Mufkad Estate, during an exclusive interview on LugardTV.
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.
“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 the immediate delivery of affordable housing,” 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 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.
The proposed rent-to-own housing model is part of Mufkad’s commitment to support the housing development agenda of Governor Ododo’s administration.