‘As part of a holistic approach to repositioning the national housing and urban development sector to meet the present and future needs of Nigerian families nationwide, President Bola Tinubu has approved the reconstitution of the executive management teams of parastatals under the Federal Ministry of Housing and Urban Development,’ a statement from the Presidency has said.
Announcing the newly constituted team of the Federal Mortgage Bank of Nigeria (FMBN), the statement, signed by the Special Adviser to the President on Media, Chief Ajuri Ngelale said ‘Tinubu appoints Mr. Shehu Usman Osidi as the Managing Director and Chief Executive Officer of the Federal Mortgage Bank of Nigeria (FMBN).
While the president appointed Mr. Ibidapo Odojukan as Executive Director Finance and Corporate Services, FMBN, Mr. Muhammad Sani Abdu was named Executive Director, Loans and Mortgage Services of the FMBN.
Ms. Chinenye Anosike was appointed Executive Director, Business Development and Portfolios at the Bank.
President Tinubu appointed Hon. Oyetunde Oladimeji Ojo as Managing Director and Chief Executive Officer of the Federal Housing Authority (FHA):
While Mr. Mathias Terwase Byuan was appointed Executive Director, Housing Finance and Accounts, FHA, Mr. Umar Dankane Abdullahi was named Executive Director, Business Development.
The president appointed Engr. Oluremi Omowaiye as FHA Executive Director of Project Implementation while Arc. Ezekiel Nya-Etok was appointed Executive Director, Estate Services, FHA.
An alumnus of Harvard University’s Kennedy School of Government, the new FMBN CEO, Mr. Shehu Osidi, is a banker with over 30 years of work experience, including 13 years of experience in mortgage banking. He is also an alumnus of the University of Pennsylvania’s Wharton School of Housing Finance.
The new FHA CEO, Hon. Oyetunde Ojo, is a former Member of the House of Representatives with over a decade of work experience in the housing and hospitality industries. He holds a Master’s degree in Peace and Conflict Studies from the University of Greenwich, United Kingdom.
In view of President Bola Tinubu’s historic approval of the establishment of Building Materials Hubs across all six of the nation’s geo-political zones; financing and establishment of a National Social Housing Fund for low income and vulnerable groups, and land reforms to collaboratively streamline access to land across all states and unlock nearly $300 billion of dead capital in the sector, his expectations are high that the above-named appointees will hit the ground running in the delivery of affordable housing for millions of Nigerians in need, while providing millions of new job opportunities for Nigeria’s talented youth population presently searching for work.
