The Nation Newspaper

Tag: Federal Mortgage Bank of Nigeria

  • FMBN counts gains of reforms with N11.6b surplus, N103b housing fund

    FMBN counts gains of reforms with N11.6b surplus, N103b housing fund

    One year after a leadership overhaul, the Federal Mortgage Bank of Nigeria (FMBN) has started to show tangible signs of recovery, with reforms aimed at deepening mortgage access and restoring public trust in the institution.

    President Bola Tinubu had appointed Shehu Usman Osidi as Managing Director of FMBN in February 2024.

    The new management took off with series of policy and operational reforms aimed at repositioning the bank as a more responsive player in Nigeria’s housing finance sector.

    In a performance report recently submitted to the Federal Ministry of Housing and Urban Development, the bank announced a N11.58 billion operating surplus for the 2024 financial year—its first in over three decades. Though the final figure is expected to be adjusted to account for historical loan impairments, the development marks a symbolic shift for a bank that has faced years of operational and credibility challenges.

    The surplus is attributed to improvements in loan recovery, enhanced internal controls, and increased public engagement with the National Housing Fund (NHF) scheme.

    Read Also: Television lawyers

    Though the final surplus will be adjusted to account for impairments and non-performing loans inherited from previous management, the announcement of the surplus signals a strong recovery trajectory. “We’re on track to continue the recovery path,” Osidi said during a recent briefing, adding that the next phase would focus on tackling non-performing loans and ensuring greater operational sustainability.

    The bank’s focus has been on improving loan recoveries and increasing the efficiency of its internal processes.

    Significant progress has been made in addressing the high levels of impairment that have historically eroded the bank’s profitability. In particular, the management has taken steps to curb defaults in the bank’s mortgage lending programs, which are often hindered by delayed repayments and poor credit risk management.

    However, challenges remain, particularly the bank’s capital base, which stands at a modest N2.5 billion—far below the required threshold for an institution tasked with addressing Nigeria’s housing deficit. Discussions on recapitalization are ongoing, and stakeholders are hopeful that with further investment, FMBN can expand its lending capacity and continue the trajectory of growth seen in 2024.

    The National Housing Fund (NHF), one of the primary vehicles for promoting affordable housing in Nigeria, has seen significant improvement under Osidi’s leadership. In 2024, the NHF collections grew by N3 billion, reaching a total of N103 billion compared to N100 billion in 2023. This increase represents a renewed trust and participation in the scheme by Nigerian workers, who contribute monthly to the fund with the aim of accessing mortgage loans for home purchase.

    One of the critical indicators of FMBN’s progress is the expanded participation in the NHF scheme. By the end of 2024, 658 employer organizations and 178,619 employees had been registered, compared to 556 employers and 113,577 employees in 2023. This expansion of the NHF scheme is crucial as it widens the pool of contributors, making more workers eligible for home loans and increasing the funding available for housing development.

    Improving access to mortgage financing has been at the heart of the bank’s agenda under Osidi. The introduction of digital platforms for loan applications and the reduction of processing times for NHF loan disbursements from months to an average of 30 days has been one of the most notable achievements. These digital innovations have not only made the application process more efficient but also enhanced transparency and accountability within the institution.

    In a bid to diversify housing finance options and extend coverage to underserved segments of the population, FMBN introduced several new products in 2024. The introduction of the Diaspora Mortgage Loan, Rent Assistance Loan, and Non-Interest Home Loan products reflects FMBN’s commitment to innovation in housing finance.

    The Diaspora Mortgage Loan, a collaborative initiative between FMBN, the Nigerians in Diaspora Commission (NiDCOM), and the Central Bank of Nigeria (CBN), is designed to help Nigerians living abroad invest in real estate back home. This product is poised to tap into the growing desire among the Nigerian diaspora to contribute to the development of their home country. By enabling Nigerians abroad to access mortgage loans to purchase homes in Nigeria, the product also promises to ease the country’s housing deficit.

    Similarly, the Rent Assistance Loan is aimed at easing the financial burden of rental payments for low-income Nigerians, particularly those who struggle to access traditional home financing. The product is expected to launch in the first quarter of 2025 and will provide affordable and flexible loan options for tenants across the country.

    Another innovative offering is the Non-Interest Home Loan, which caters to Nigerians who are averse to interest-based financial transactions. The product is expected to attract significant interest from Nigerian Muslims, particularly those who find it difficult to engage with conventional mortgage products due to religious reasons.

    FMBN’s progress in housing delivery has been notable, with the bank financing the completion of 1,044 housing units across Nigeria in 2024. In total, the bank has 6,853 ongoing projects across 106 locations, ranging from urban centers to rural communities. These projects are designed to serve Nigerians across different income levels, with a focus on providing affordable housing for low- and middle-income families.

    As part of its efforts to address the national housing deficit, FMBN is also playing a central role in the federal government’s Renewed Hope Cities and Estates Programme. Through this program, FMBN has provided N100 billion as an off-taker guarantee to support the construction of 3,112 housing units in Karsana, Abuja. The project is being spearheaded by the Federal Ministry of Housing and Urban Development, with FMBN’s backing ensuring that the homes are completed on schedule and are available for sale to Nigerians who contribute to the NHF scheme.

    In addition to its efforts in affordable housing delivery, FMBN has contributed to economic growth by creating an estimated 171,325 jobs across various sectors of the housing and construction industries. This includes employment for engineers, architects, surveyors, and artisans, as well as those working in the supply chain for building materials and equipment.

    FMBN has increasingly recognized the importance of collaboration in its efforts to achieve its housing delivery goals. Over the past year, the bank has strengthened partnerships with key stakeholders, including state governments, labor unions, and real estate developers, in a bid to expand its outreach and resources.

    In particular, FMBN has partnered with the Kano State Government to re-integrate state civil servants into the NHF scheme. This partnership is expected to provide access to affordable home loans for thousands of civil servants in Kano, marking a key milestone in FMBN’s bid to ensure that all 36 states are participating in the NHF scheme.

    The bank is also in discussions with the Shelter Afrique Development Bank to attract international investments for affordable housing in Nigeria. This collaboration aims to create more financing avenues and help bridge the financing gap in the housing sector.

    Looking ahead, FMBN is setting ambitious goals for 2025. The bank aims to raise NHF collections to N211 billion, expand mortgage loan offerings by disbursing 4,200 homeownership loans, and issue 43,000 micro-loans for home renovation and improvement projects. The bank is also targeting the recovery of N93.7 billion in outstanding loans and is set to finalize the establishment of the National Mortgage Registry, which will streamline the mortgage process and reduce delays.

    These goals are a reflection of the bank’s ongoing commitment to expanding access to affordable housing and supporting the federal government’s housing agenda. While challenges remain—particularly in terms of capital—FMBN’s leadership appears committed to addressing these obstacles and positioning the bank for sustainable growth.

    Osidi’s leadership has undoubtedly brought a new sense of direction and purpose to FMBN. Through strategic reforms, improved customer service, new mortgage products, and strong partnerships, the bank has made measurable progress in its mission to address Nigeria’s housing deficit. With the foundation now set, FMBN is poised to play an even more significant role in Nigeria’s housing sector in the coming years, helping millions of Nigerians achieve the dream of homeownership.

    The next 12 months will be critical as FMBN works to consolidate its gains and expand its impact across the country. If the bank’s momentum continues, it could be on track to become the key driver of affordable housing development in Nigeria, ensuring that homeownership is within reach for all Nigerians, regardless of their income level.

  • FMBN to tackle non-performing loans

    FMBN to tackle non-performing loans

    Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Shehu Usman Osidi, has announced a strategic push to reduce the bank’s high level of non-performing loans (NPL) while improving operational efficiency.

    Speaking at the 2024 Management Retreat held in Abuja, Osidi laid out a bold plan to overhaul the institution and reposition it as a key player in Nigeria’s mortgage and housing sectors.

    He emphasised that tackling NPL is central to safeguarding the bank’s financial health, noting that the issue has long impeded FMBN’s ability to fulfill its mandate of providing affordable housing for Nigerians.

    He revealed that the bank recently set up seven loan recovery task teams that have been working across the country’s geo-political zones, showing early signs of success.

    “The quality of our credit portfolio is crucial to the stability of our institution. Moving forward, we must implement rigorous credit appraisal processes and strengthen our risk management frameworks. No one can do this better than us,” Osidi said.

    The FMBN’s boss outlined a seven-point agenda that will guide the bank’s actions in the coming months which centers on deepening process automation, promoting cost efficiency, enhancing credit quality, improving project management, expanding strategic partnerships, and instituting a robust performance management system.

    He acknowledged the bank’s past struggles with automation efforts, citing two previous failed attempts that cost the institution significant resources. However, he expressed optimism about the third attempt, stressing the need to complete the core banking project to streamline operations, reduce turnaround times, and enhance customer service.

    “Our aim must be to make the core banking application work and this will allow us to respond more swiftly to market demands and better serve our customers.”

    Cost efficiency also emerged as a key focus of the retreat, with Osidi highlighting recent successes in reducing FMBN’s operational expenses. He noted that these efforts have led to a steady increase in revenue and have been acknowledged by the Central Bank of Nigeria (CBN).

    Addressing the need for strategic partnerships, Osidi revealed that FMBN has recently engaged with institutions such as the Ministry of Finance, Shelter Afrique Development Bank, and the Central Bank of Nigeria.

    “Expanding our strategic partnerships is crucial to scaling our impact and accelerating the delivery of affordable housing across Nigeria,” Osidi said.

    Read Also: ‘Only FMBN offers single-digit mortgage finance’

    Osidi further emphasized the importance of a strong performance management system to align employee efforts with the bank’s strategic objectives. He announced that staff will undergo training on the system during the retreat, with a focus on fostering a culture of accountability and continuous improvement.

    “We must build a performance-driven culture that rewards excellence and holds employees accountable for their actions,” Osidi stated.

    Osidi further urged participants to engage in bold, creative, and solutions-oriented discussions to address the challenges facing the bank. He stressed that operational efficiency and exceptional customer service are the cornerstones of FMBN’s success in delivering affordable housing to millions of Nigerians.

    “I am confident that, with your dedication and expertise, we can achieve our goals and make a profound impact on the lives of millions of Nigerians,” Osidi affirmed.

  • FMBN okays N14m home renovation loan for Chellarams workers

    •  Credit facility hits N21.6b

    The Federal Mortgage Bank of Nigeria (FMBN) has given home renovation loans of N14 million to some Chellerams Plc workers in Lagos.

    Its Managing Director, Mr Ahmed Dangiwa, said the fund would empower the beneficiaries to put their homes in better condition, adding that the bank’s target was to ensure many Nigerians had suitable houses.

    The beneficiaries were given N1million each, which Dangiwa said was part of efforts by the bank to complement President Muhammadu Buhari’s housing reforms.

    Represented by FMBN Zonal Coordinator, Lagos, Mr  Abiodun Fashina, the MD said the bank will continue to keep its promise on home ownership to Nigerians.

    He said: “FMBN has a mandate to provide affordable mortgages to Nigerian workers, particularly low and medium income earners though the National Housing Fund scheme. The Fund is sourced from 2.5 per cent of the basic income of workers earning the minimum wage and who are 18 years and above.’’

    He said the fund’s objective is to provide cheap source of loans to nurture and sustain the mortgage industry and facilitate affordable homeownership for the low and medium income group.

    He explained that Section 14(2) of the NHF Act Cap N.45 of 1992 stipulates that a contributor to the NHF could access a loan from the fund to build, purchase or renovate  an house.

    According to him, to achieve this, FMBN has developed concessionary loan windows to enable Nigerians access mortgages for home ownership.

    He stated further that about N21.6 billion had, so far, been disbursed by the bank to 26,275 beneficiaries across the country under the Home Renovation Loan window.

    He identified lack of access to land, inadequate funding, inaccessibility of mortgage loans due to improper property titles, as some of the challenges facing the Fund.

    Others, he said, are low income of prospective borrowers, which affects affordability, cumbersome procedures for obtaining governor’s consent to land, which is also costly.

    Earlier, Chellerams Chief Executive Officer Mr Aditya Chellaram said the gesture was a demonstration of the firm’s concern for its staff welfare.

    The FMBN’s Lagos State Coordinator, Apapa office, Mrs Okoli Uche, urged the beneficiaries to ensure that the loans were used for what they were meant for.

    Uche advised Nigerians, who were yet to get their homes to key into the fund’s ‘Rent to Own’ housing programme, adding that it would enable them to access a house and pay for maximum of 15  years before becoming the owner.

  • How FG will tackle 17m housing deficit

    The Federal Government is determined to address the 17 million housing deficit in the country, Dr. Wale Adeeyo, the Chairman of the Federal Mortgage Bank of Nigeria (FMBN) has said.

    The FMBN boss, who gave this hint during in exclusive interview with our correspondent in Lagos at the weekend, observed that, “The 17 million housing deficit has been there for a while and there is no way we are going to stem it unless we are proactive about construction and housing delivery, especially affordable homes to the average Nigerian.”

    Pressed further, he said, the Bank is doing its utmost best to revamp the system in order to achieve the desired objective.

    “Hitherto the Bank ran like a typical civil service with all the bureaucracy but thankfully that culture is being altered and changed with more proficient and new efficient system now. We will be able to achieve that before the end of this year because we are going to change our personnel first.”

    On what the Bank is doing in terms of innovation, he said there is indeed a paradigm shift in the way things are being done. “We are already doing it. What I’m talking about is what we are doing right now. We are revamping the system with all kinds of innovation, we are introducing the rent-to-own system to encourage people to come and by far cheaper than they used to. We need money and the government has promised to give us and we are looking forward to it.”

    On when the funds might come, he was noncommittal. “I can’t be categorical about the money the federal government wants to give to us. Nobody knows when the government would roll out the funds. As you are aware, we are in a season of election and nothing can happen now until the election is over. But we are indeed optimistic that a lot would change in the nation’s housing ecosystem going forward. We believe the changes being effected in the housing sub-sector would be meaningful and would favour the masses ultimately,” he stressed.

    Meanwhile, the Central Bank of Nigeria, CBN, and stakeholders in the housing sector of the economy have agreed to develop mass and affording housing with a view to abridge the 17 million housing deficit confronting the nation.

    The stakeholders, who reached the agreement during the recent Mandatory Continuing Professional Development, MCPD, in Abuja, pledged to work together towards ensuring development and growth of housing sector in order to grow the economy and prevent the nation from relapsing into recession.

    It may be recalled that the CBN governor Mr Godwin Emefiele, recently warned that the weak economic fundamentals currently being shown by the economy were putting the nation’s exit from recession under fresh threat.

    Speaking at the MCPD seminar organized by the Abuja chapter of Nigerian Institution of Estate Surveyors and Valuers, NIESV, with the theme “Post economic recession in Nigeria-harnessing the potentials of real estate sector for a sustainable economic development”, the stakeholders collectively resolved that housing sector has important role to play to strengthen the country’s economy.

  • 18 months after, sacked whistle-blower reinstated

    EIGHTEEN months after he was sacked, a whistleblower, Dr. Murtala Ibrahim of the Federal Mortgage Bank of Nigeria (FMBN) has been reinstated.

    His reinstatement followed an intervention by the office of the Power, Works & Housing Minister Babatunde Raji Fashola (SAN).

    Ibrahim’s appointment as the Head of ICT Process Audit & Special Investigation Unit at the bank was terminated on May 8, 2017, for blowing the whistle on a contract scam and the bank’s doctored 2016 Half-Year Validation Report.

    The African Centre for Media and Information Literacy (AFRICMIL), a civil society organisation working on building support for the whistle-blower policy of the Federal Government, took up the matter and criticised what it called Ibrahim’s unjustifiable sack.

    AFRICIMIL, according to a report by PRNigeria also pursued the reinstatement of the victim by the Federal Government.

    The organisation called on Fashola to ensure the “immediate and unconditional reinstatement of Ibrahim.”

    But the PRNigeria report said the victim went through mush ordeal in the last one and a half years.

    The report said: “Ibrahim was first transferred from FMBN’s headquarters in Abuja, to a branch in one of the states. It was followed up with a query which cautioned him for doing his official work.

    Read also: Badeh: Two suspects held

    “When Ibrahim’s explanation couldn’t be faulted, the bank went on to dismiss him for the ridiculous reason that his service was no longer needed.

    “But following a report by the International Centre for Investigative Report (ICIR) in October last year, Fashola’s gave a directive, following a committee’s investigation into the case, that Ibrahim be reinstated.

    “The directive was flagrantly disobeyed by FMBN’s authorities.”

    The flouting of the minister’s directive drew the ire of AFRICMIL and its coordinator, Mr. Chidi Onumah, who described the bank’s refusal to obey Fashola’s order as “unfortunate and an act of gross insubordination.”

    He said the bank’s attitude constituted “serious threat not only to the successful implementation of the whistleblower policy, but it also endangers the anti-corruption campaign of the President Muhammadu Buhari administration.”

    Ibrahim, however, on Tuesday, confirmed to PRNigeria via a telephone chat that he has been reinstated.

    He claimed to have received a letter to that effect.

  • Unlawful termination: Court absolves employer of blame

    The National Industrial Court, Abuja, on Monday absolved a private company, Net Construct Nig. Ltd., of any blame in the termination of the appointment of its former employee, Onuaku Ifenacho.

    The claimant, Ifenacho had sued the defendant for alleged failure to remit his pension and NHF contributions of N623, 781 and N90, 675 between 2008 and 2015, after his alleged unlawful termination.

    In his judgment on Monday, Justice Rakiya Haastrup, held that “I do not think there is any issue to be resolved on the pension.

    “From the evidence of the claimant before the court, particularly under cross examination, he admitted that the defendant had paid the sum of N723, 506.

    “His grouse is that the sum was paid after two months when the suit was already filed against the defendant.

    “What has been established here is that the sum regarding the claimant’s pension was paid into the claimant’s bank account.

    “More so, the claimant had not presented any evidence or statement from his pension administrator to the effect that there are outstanding remittances to be made by the defendant.

    “This means that the defendant is not indebted to the claimant regarding his pension contributions,” she said.

    Read Also: Looters’ list: Court refuses to jail Lai Mohammed

    On the issue of alleged non-remittance of NHF contribution, she held that “there is evidence on record that the sum of N20, 272 was remitted to the Federal Mortgage Bank of Nigeria by the defendant.

    “The claimant had not placed any further documentary evidence from the NHF administrators that there were no remittances made by the defendant.”

    The Judge held that all the reliefs sought by the claimant failed in its entirety except for the declaration of wrongful termination of his employment.

    Haastrup, however, held that the claimant was entitled to damages for wrongful termination of employment, “which in this case, is one month salary in lieu of notice of termination.’’

    She awarded the sum of N100, 000 to the claimant as cost of the suit.

    The defence counsel, Ude Diegbe, told the court that the claimant’s employment was terminated because there was no improvement in his performance.

    He disclosed that the claimant also rejected a cheque in lieu of notice for his one month salary.

  • Senate urges FMBN shareholders to pay up equities

    Senate urges FMBN shareholders to pay up equities

    The Senate Committee on Lands, Housing and Urban Development has urged shareholders to pay up their equities in order to actualise the planned recapitalisation of the Federal Mortgage Bank of Nigeria (FMBN).

    A statement issued in Abuja on Tuesday by FMBN Managing Director, Mr Ahmed Dangiwa said the Chairman of the Committee, Sen. Barnabas Gemade made the call while on an oversight visit to the bank.

    Gemade listed the shareholders to include the Federal Government, Central Bank of Nigeria (CBN), and Nigeria Social Insurance Trust Fund (NSITF).

    He observed that the CBN had vital role to play in making the FMBN function effectively by exercising its statutory roles, especially in the areas of funding and regulation.

    “There is no way FMBN can address the plethora of daunting challenges in the mortgage industry without being supported by the CBN and the Federal Government.

    “The N5billion capital base of the FMBN is abysmally low and the shareholders should hasten up by increasing the capital base to reflect current realities.

    “CBN should sanction commercial banks that defaulted in remitting 10 per cent of their loan portfolio to FMBN as investment to the development of a virile mortgage industry as required by the law.’’

    He promised that the committee would also ensure amendment of both the FMBN and National Housing Fund (NHF) Acts to make the bank function effectively.

    Read also: Senate plans to pass 2018 budget this month

    Gemade said N100 billion was approved in 2017 budget as intervention fund to support mortgage activities in the country.

    He directed the bank to follow up the matter with its supervisory ministry, adding that the Ministry of Power, Works and Housing should contact the Federal Ministry of Finance to secure release of the fund.

    In his remarks, Dangiwa said the bank had not received budgetary allocation from the Federal Government since its establishment.

    “Therefore, we rely solely on income generated from contributors under the NHF scheme to finance our activities,” he said.

    He lamented that the current N5 billion capital base of the bank was grossly inadequate, in view of the magnitude of its mandate to bridge the housing finance gap in Nigeria which was in the region of trillions of naira.

    According to him, FMBN has commenced strategic partnership with the Nigeria Inter-Bank Settlement System (NIBSS) Plc for the management of mortgage–related transactions to reduce loan repayment default to the barest minimum.

    NAN

  • FMBN tasks World Bank against parallel housing schemes

    FMBN tasks World Bank against parallel housing schemes

    In order to avoid duplication of responsibilities, the Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Architect Ahmed Dangiwa, has called on the World Bank to put an end to the creation of parallel housing finance schemes in the country.

    Dangiwa said FMBN is the statutory body mandated to manage housing mortgages, thus, need for the World Bank to partner with the mortgage institution rather than duplicating efforts of the FMBN.

    He disclosed this while receiving World Bank team led by Mr. Simon Walley in the Bank’s Corporate Headquarters, Abuja.

    The MD urged the World Bank to build confidence in the FMBN and improve its capacity in the provision of affordable housing.

    In a statement issued on Tuesday in Abuja by FMBN Unit Head, Public Affairs and Event Management, Mr. Kaoje Ahmed, Dangiwa expressed concerns stressing that except there is a change of strategy, the current approach would deprive the sector of needed synergy and slow down the expected growth in the housing industry.

    He expressed resolve of the FMBN new management team to engage stakeholders and development partners for mutual cooperation.

    Dangiwa, who described World Bank as a critical stakeholder stressed the need for partnership to sustain and deepen their relationship. He stated that it became imperative to providing affordable housing for low and medium income earners, who constitute a bulk of the nation’s population.

    In his address, Walley said the visit was to seek possible ways to developing the housing sector.

    He said the World Bank identified FMBN as key player in the nation’s mortgage industry following previous meetings in the past to grow the sector.

    The team lead commended FMBN for new initiatives and products designed to improve housing finance. He listed the cooperative housing loan window and advised the FMBN to exploit it to the fullest.

  • FG inaugurates 133 housing units in Niger

    FG inaugurates 133 housing units in Niger

    Alhaji Mustapha Shehuri, Minister of State for Power, Works and Housing, on Wednesday inaugurated a 133-unit housing estate, under the National Housing Fund (NHF) in Minna, Niger.

    Shehuri said that the estate was financed by the Federal Mortgage Bank of Nigeria [FMBN] and developed by Sea Mount Nig. Ltd, in Minna.

    The minister pledged government’s commitment toward re-positioning the FMBN, to cater for the mortgage needs of Nigerian workers.

    “It is my delight to commission this 133-unit housing estate, because every government has the responsibility of addressing the welfare of its people.

    “It has been a matter of utmost priority for this administration to provide affordable housing to the teeming Nigerian populace.

    “It must be noted that the FMBN, being the apex mortgage institution in Nigeria, has a pivotal role to play in the actualization of the aspirations of many Nigerians, to own a home through mortgage.

    “I wish to reaffirm the resolve of this administration to lend its full support to FMBN and ensure that it is adequately-recapitalised and re-positioned, to cater for the mortgage needs of Nigerian workers,’’ he said.

    The minister expressed satisfaction over the successes recorded in the completion of housing units for workers across the country.

    He called on workers in public and private sectors including self-employed, to ensure that they contribute to the NHF, “so that collectively, we can assist all Nigerians own a home.’’

    Earlier, Mr Richard Esin, Acting Managing Director (FMBN) said that the housing units comprised of 51 units of three-bedroom fully-detached bungalows and 82 units of two-bedroom semi-detached bungalows.

    Esin said that the NHF was a mandatory contribution scheme, in which workers in the public and private sectors contribute 2.5 per cent of their monthly income.

    The FMBN chief said that on the basis of consistent and continuous contributions to the NHF scheme, the workers become eligible for mortgage loans at interest rate of 6 per cent, per annum.

    According to him, the interest rate is payable over 30 years, to ensure affordable home ownership among Nigerians.

    Mr Kola Olagunju, Managing Director, Sea-Mountain Company Nig. Ltd, a private developer, said the estate had modern facilities including two industrial boreholes.

    Olagunju said that other facilities include three dedicated 500KVA transformers and network of roads, graded and finished with surface dressing and drainage system.