We’ll deliver more houses to Nigerians soon – FMBN

The Managing Director of Federal Mortgage Bank of Nigeria (FMBN) Shehu Osidi, has disclosed that the bank is restrategising the housing sector towards delivering more houses to Nigerians.

Osidi made this known recently when he received the Housing Institutions Reform Task Team and the Multi-Agency Project Delivery Task Team in Abuja.

He said the bank recognised the need for reforms and took the initiative to commence a journey of repositioning and recapitalisation in conjunction with the Bureau of Public Enterprises.

“We have a five-year strategy blueprint approved by the Board guiding our operations and a major project. The core banking application is nearing completion, about 95 per cent to improve service delivery and enthrone efficiency.

“The amendment of the FMBN and National Housing Fund ACTs have also commenced in the National Assembly. The Executive Management is concentrating on a seven core but broad agenda to further deepen the on-going reforms and usher remarkable turnaround.”

Osidi said Nigerians would start seeing changes in the sector, adding that President Bola Tinubu’s government is committed to reforms in all sectors of the economy.

He noted that the Minister of Housing and Urban Development jad inaugurated four reform task teams to address the critical areas of the housing sector in Nigeria.

He listed them to include the Housing Institutions, Task Teams to reform the housing delivery agencies and the Multi-agency Reform Task Team to enhance collaboration between the various housing delivery agencies in Nigeria.

The MD said there were the Building Materials Manufacturing Hubs to be established in the six geo-political zones of the country, and then there are also the Land Reforms.

Osidi stressed that FMBN would also explore public-private partnerships to deliver massive housing in the country.

Earlier, the Chairman of the Federal Housing Reform Task Team, Mr Adedeji Adesemoye, had explained that the team was focused on delivering on its mandate of reforming the housing sector.

Adesemoye said the team had outlined a lot of reforms in the sector that when implemented would transform the nation, noting that the move is critical to both the ministry’s mandate and to continue with the buy-in of the president.

Adesemoye added that with the structure of delivery on the ground, the nation would have quick wins in less than 12 months.

He, however, noted that there would be long, short and medium-term goals as soon as their report is implemented.