Cooperative Mortgage Bank says it is committed to affordable homes For Nigerians

By Boye Ajayi

Mr Kabir Ayinde Tukur, the Managing Director of Cooperative Mortgage Bank (CMB) has said that the “2020 Housing Award” won by his organization will spur it into providing affordable homes for Nigerians to bridge the housing deficit gap, Persecondnews reports.

Tukur said this while responding to the presentation of the “Best Housing Award” to the company by the Nigeria Housing Awards in Abuja.

According to him, the award will motivate CMB to step up its effort in ensuring affordable homes for Nigerians, thereby bridging the housing gap.

“Cooperative Mortgage Bank will strive to remain outstanding in the housing industry as it continually seeks to provide quality and affordable housing for all classes of individuals.

“As a cooperators’ bank, our business goal is to ensure that every cooperator, through their cooperative societies, become home owners.

“True to our goal, the bank has made tremendous effort as it embarked on a national tour in conjunction with the Cooperative Federation of Nigeria, sensitising cooperators across the federation on home ownership and how they can access it through mortgage,” Tukur said.

Ayinde-Tukur pointed out that despite CMB success at the ceremony, it was not time to celebrate.

He said the challenges encountered in 2020 because of the COVID-19 pandemic widened the existing housing gap for Nigerians, while appealing to stakeholders to narrow the gap in 2021 through mass-friendly housing initiatives.

He added: “This recognition means a lot to us as a company but more importantly, the award initiative must be seen as a call to challenge our collective effort in the industry.

“Globally, all sectors went through a difficult year 2020, but this must not extinguish the zeal in us to build affordable housing units for Nigerians through flexible means”.

He expressed gratitude for the recognition of his company.

Earlier, the CEO of Nigeria Housing Awards, Mr Festus Adebayo said the award was to recognise and celebrate original and innovative contractors, consultants and projects that demonstrate excellence in the building and construction industry.

“The initiative was also established to encourage competition and competitive pricing in the housing construction industry.”