The Managing Director/Chief Executive of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Usman Osidi, has assured members of the Keffi Local Government Council, Nasarawa State of the Bank’s readiness to collaborate with them towards a stronger, sustainable future of affordable housing delivery.
Osidi stated this while addressing a delegation of Keffi Local Government Council, led by the Chairman, Hon. Shehu Mohammed Baba, when they paid a courtesy visit to the Bank on Thursday, October 3, 2024.
He expressed pleasure about the visit, using the opportunity to intimate the visitors on the activities of the Bank and its various product offerings.
“FMBN was established to provide affordable mortgages to drive homeownership among Nigerian workers, particularly the low and medium income earners,” he noted, explaining that the Bank achieves this mandate through various services and products designed to support the homeownership aspirations of Nigerians.
The MD/CE highlighted these products to include; the NHF Mortgage Loan, the Individual Construction Loan, the Home Renovation Loan which he noted is popular with members of staff of Keffi LGC, as well as the Rent-to-Own scheme that requires no personal stake for beneficiaries to take possession of their houses.
He further informed the LG members that the Bank’s current Executive Management under his leadership took up office eight months ago with a clear vision to drive impactful changes at the Bank, with a focus on enthroning critical reforms and ushering in remarkable turnaround in the fortunes of the Bank.
“I am happy to inform you that the results we have achieved so far attest to the fact that we are heading in the right direction,” Osisi stated. He therefore assured them that together, they would design initiatives that would foster homeownership for Keffi residents and contribute to the socio-economic development of Nasarawa State, just like they are doing in other parts of the country.
While giving the Bank’s assurance of collaborating closely with the LGC, Osidi also seized the opportunity to commend Hon. Baba for his innovative leadership as Keffi LGC Chairman, which has brought about a clear government presence at the local government level, which is a significant departure from past experiences.
In his address, the Chairman thanked the Bank’s management for the warm reception, applauding the Bank for its critical role in housing provision. He noted that the function of the FMBN to the Nigerian populace in this regard cannot be overemphasised.
He explained that as political office holders who deal with policy matters concerned with the use of power to meet the yearnings of the people, they have to rely on the technical and professional knowledge and support from career officers, hence the criticality of FMBN. He also acknowledged FMBN’s integral position to the growth of real estate and housing sector in Nigeria.
Commending the MD/CE for his visionary leadership and support to the domestic activities and developments in Keffi LGC, the Chairman noted that Osidi has proved his reliability and care for the community and its development, while further appealing to him to do more.
