Jonathan and Diri want an efficient mortgage system in Nigeria…as NARD lays the groundwork for a housing estate

Former President Goodluck Jonathan and Bayelsa State Governor Senator Douye Diri over the weekend advocated an effective mortgage system to meet housing needs in the country.
The duo made the call in their separate remarks at the groundbreaking and foundation-laying ceremony of the Goodluck Ebele Jonathan Doctors Estate located on the outskirts of the Otuokpoti community in the Ogbia Local Government Area of the state.
The Tide reports that the Doctors’ Estate project, which is an initiative of the Doctors Welfare Cooperative, under the aegis of the National Association of Medical Residents (NARD), Federal Medical Center, Yenagoa Chapter, is to be funded through a partnership with the Federal Mortgage Bank of Nigeria (FMBN).
Speaking at the ceremony, Dr Goodluck Jonathan said housing was one of the basic human needs that could be met through an effective mortgage system enabling people to own affordable homes.
The former president, who thanked the medical residents for finding him worthy and deserving of the honor of having the estate named in his honour, said the project, when completed, would not only contribute to socio -economic of its residents, but also to the whole State.
Describing the medical profession as noble, he said he had great respect for doctors, who are trained to take care of people’s health needs.
Jonathan assured NARD that he would provide the necessary support to ensure the smooth execution of the project to achieve their vision.
In his address, the Governor of Bayelsa State, Senator Douye Diri, said the state government was delighted with the project started by FMC’s Physician Welfare Cooperative, Yenagoa.
Governor Diri, who was represented by his deputy, Dr. Lawrence Ewhrudjakpo, called on the Federal Mortgage Bank of Nigeria (FMBN) to review its mortgage policies and procedures to make them more inclusive and feasible for more professional groups and people. noting that the efforts to provide shelters are a step in the right direction, just as he assured that his administration will do its best to ensure the actualization of the project within the targeted completion time.
While commending NARD’s immediate past leadership in the state for conceptualizing the project, Governor Diri also praised the Association’s outgoing President for taking the bold steps to translate the idea into reality.
“We are very happy with what the FMC Yenagoa chapter resident physicians are doing here today. Adams Smith made this very clear from the start, and Abraham Maslow expanded on it by saying that housing is one of the basic human needs. And even God himself recognized it. This is why after the creation, He created the Garden of Eden as a shelter for man. Elsewhere in the world, nobody builds their house with their own money. It is the mortgage system that finances the construction of residential houses. If you see people driving big cars, they have a mortgage; the man living in a big house, this house is mortgaged. Virtually everything is executed on mortgage.
“We decided to talk about mortgages, but we didn’t imitate mortgages well. I therefore wish to take this opportunity to appeal to the Federal Mortgage Bank of Nigeria (FMBN) and other mortgage institutions to facilitate their systems and ease the conditions for accessing mortgage loans. This is the only way for this country to develop.
“So anything we do to provide shelter is a step in the right direction to meet a basic human need. It’s only someone who has a roof over their head who can have a quiet sleep. We are therefore quite associated with this project in all its ramifications and we are committed to doing our part, to ensure that this project is carried out as planned” he mentioned.
Earlier in their separate speeches, the chairman of the estate’s committee, Dr Divine Iroli, and the state chairman of the Nigerian Medical Association, Dr Ongowari Torunana, said the estate was named after Dr. Goodluck Jonathan, to immortalize him as an illustrious son. of State and in recognition of his contribution to the development of the medical profession.
According to Iroli, the estate will have 300 housing units, nursery, primary and secondary schools, a shopping center, a security post and other amenities.
Also speaking, a representative of DanielBob Nigeria Limited, the project consultants, Prof. William Obiazor, said his company has what it takes to deliver the project in sixteen (16) months from the start date. Works.

By: Ariwera Ibibo-Howells, Yenagoa

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