FMBN commended over NHF disbursement

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Mortgage Bank of Nigeria

The Federal Mortgage Bank of Nigeria (FMBN) recently disbursed over N1.4billion to Imperial Homes Mortgage Bank (formerly GT Homes Limited) under the National Housing Fund (NHF) loan scheme. This, according to report, is for onward disbursements to the beneficiaries under the scheme.

Managing Director, Imperial Homes Mortgage Bank, Mr. Ben Akaneme praised the Federal Mortgage Bank, saying with this disbursement, FMBN is fulfilling its national mandate to promote home ownership. He further affirmed that Imperial Homes aligns itself with this national objective and is willing to do all that is necessary to ensure the success of the scheme.

He also described the disbursement as evidence of the level of confidence the Federal Mortgage Bank has in the bank.He added that Imperial Homes Mortgage Bank could assist active contributors to the scheme to secure the NHF loan up to a maximum of N15 million at an interest rate of six percent per year repayable over a period of 30 years.

Vía The Guardian Nigeria http://ift.tt/2l8XjiN

Entrepreneurship will reduce poverty, says Honeywell Boss

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Entrepreneurship

Honeywell Flour Mills Plc has urged youths to imbibe the spirit of entrepreneurship as this will make them self-dependent and further reduce poverty.

According to the company, unemployment will reduce considerably if most youths shun the quest for non-existing white collar jobs and rediscover themselves by tapping into their creative talents and improving on their inert abilities.

Innovation and Consumer Insight Manager, Honeywell Flour Mills Plc, Mr. Lanre DaSilva, who stated this at the Honeywell Wheat Meal Cooking Competition held at the National Youth Service Corps (NYSC) Lagos State camp, Iyana Ipaja, noted that every individual has innate skills which when properly harnessed will push them beyond their limitations.

He reiterated the company’s readiness to continue aligning with any cause to promote entrepreneurship as exemplified in the quantum support it is giving the NYSC and other similar youth oriented activities.

He advised youths to embrace entrepreneurship, saying the modern day economy is driven largely by handiworks demonstrated in small and medium scale enterprises.

He further stated that the competition is aimed at bringing out the unique skills of the corps members with a view to equipping them for future challenges. It will also endear them early enough to the company’s products by making them Honeywell Ambassadors.

Vía The Guardian Nigeria http://ift.tt/2kys1kE