Minister of Power, Works and Housing, Babatunde Fashola, has charged the newly inaugurated governing boards of the Federal Housing Authority (FHA) and the Federal Mortgage Bank of Nigeria (FMBN) on the implementation of the government’s housing policies and mortgage financing.
The 13-member board of FHA has Senator Lawal Shuaibu as chairman, while Dr. Adewale Adeeyo chairs the eight-member board of FMBN.
Inaugurating the two boards in Abuja, Fashola charged them to shun infighting and bring their various wealth of experiences to bare in order to reposition the agencies.
He reminded them that their appointment offer Nigerians the opportunity to participate in the decision making process that affects the lives of millions of people who are expected to benefit from the services being rendered by the agencies.
The minister said: “But if a guide is required, let me say that you will individually and collectively be the conscience of these agencies for implementing the policies of Government, with respect to public housing and mortgage financing in Nigeria.
“For the avoidance of doubt, let me state that the policy of government is to deliver affordable Housing, acceptable to Nigerians and these agencies, whose brands you will now administer are the implementing arms of Government for: a) Housing delivery (FHA) and b) Housing Financing (FMBN).
“The Managing Directors and their Management teams have the executive responsibility for carrying these out, subject to your Board oversight, approvals and advice, while the Ministry plays a supervisory role.
“Therefore, we expect to see harmony, respect, teamwork and a healthy working co-operation between Board and Management.
“On the part of the Ministry, I assure you that we will supervise but we will not interfere”.
