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Showing posts from July, 2020

Three Years of Reforms to Deliver Affordable Housing Plan for Nigerians By John Ikyaave

Recently, the Executive Management Team of the Federal Mortgage Bank of Nigeria (FMBN) under the leadership of Arc. Ahmed M. Dangiwa clocked three years in office. Within this period and under the supervision of the Minister of Works & Housing, Babatunde Fashola, he team of experienced professionals have posted remarkable performance by pursuing bold, dynamic, and strategic Institutional reforms. From unprecedented levels of mortgage loan disbursements to stronger collaborations with industry stakeholders, innovative housing product designs, financial transparency, and broad institutional reforms, the FMBN Board and Management team have built and sustained a trajectory of strong corporate performance across key indicators. Mortage Loan Disbursements Between April 2017, when the Executive Management team took charge of the bank to March 2020 (a three-year period), FMBN leveraged funds accruing to the National Housing Fund (NHF) Scheme to record over N90billion in various loan disbur