…Sacks MDs, 7 Executive Directors of FHA, FMBN  

*Appoints Ojo, Osidi new helmsmen

Deji Elumoye in Abuja

President Bola Tinubu has approved the reconstitution of the executive management teams of two parastatals under the Federal Ministry of Housing and Urban Development.

The affected parastatals are Federal Mortgage Bank of Nigeria (FMBN) and Federal Housing Authority (FHA).
The reconstitution of the executive management of the two parastatals, according to a release issued on Thursday by presidential spokesperson, Ajuri Ngelale, was 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.

The new appointments include Mr Shehu Usman Osidi as Managing Director/ Chief Executive Officer of the FMBN; Executive Director (Finance & Corporate Services) — Mr. Ibidapo Odojukan; Executive Director (Loans & Mortgage Services) — Mr. Muhammad Sani Abdu and Executive Director (Business Development & Portfolios) — Ms. Chinenye Anosike.

For the Federal Housing Authority (FHA),  Hon Oyetunde Oladimeji Ojo is new MD/ CEO;
 Executive Director (Housing Finance & Accounts) — Mr. Mathias Terwase Byuan;
Executive Director (Business Development) — Mr. Umar Dankane Abdullahi; Executive Director (Project Implementation) — Oluremi Omowaiye and Executive Director (Estate Services) — Ezekiel Nya-Etok.

In view of President 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 new 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.