FG to recapitalise FMBN with N500bn for sustainable housing development Story from Idris UMAR, Zari The federal government is working to increase the capitalisation of Federal Mortgage Bank of Nigeria (FMBN) to 500 billion naira for sustainable housing development. Minister of Housing for Urban Development, Alhaji Ahmad Dangiwa, stated this at the Maiden Kaduna International Housing Exhibition 1.0 with the theme "Kaduna Sustainable Housing Development, a Model for Northern Housing Reforms, held in Kaduna. Alhaji Dangiwa explained that recapitalising the bank would give it more financial power to ensure sustainable housing initiative. According to...