Shelter Afrique Development Bank (ShafDB), said it is committed to improve upon its $220 million worth of housing loans already approved in Nigeria with $117.6 million disbursed.
Managing Director and Chief Executive Officer ShafDB, Mr. Thierno-Habib Hann revealed plans to explore more areas of entry into the Nigerian housing market, pledging its support to assist the country in her effort to bridge the housing deficit.
He said the institution, is enthusiastic about the Pulaku Resettlement Scheme of the Federal Government, which aims to provide shelter for displaced Nigerians affected by banditry in selected states across the country.
Hann stated this during the Institutions one-week working mission to meet critical government leaders towards deepening its capacity and housing development plans in the country.
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He said, “We are enthusiastic about the PULAAKU Resettlement Scheme of the Federal Government, which aims to provide shelter for displaced Nigerians affected by banditry in selected states across the country. I will like to express the bank’s interest in playing a part in such initiatives like PULAAKU and the National Social Housing Fund (NSHF), as we looks to improve upon our $220 million worth of housing loans already approved in Nigeria with $117.6 million disbursed.
“We are looking for more ways to collaborate with Nigeria on housing delivery. We believe the PULAAKU Initiative, and the National Social Housing Fund provide us an opportunity to further drive our mandate, which is to eradicate slums in Africa. We have done a lot of work already with several financial institutions, reputable developers, and some state governments, and we intend to do more.
“Since October 2023, the Bank has undergone major transformations thanks to the leadership of the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, who is the Chairperson of the institution’s 42nd AGM Bureau. We are better positioned to create wealth, increase GDP, and address security through our housing finance model.”