President Bola Tinubu on Thursday approved a shake-up in the leadership of key housing agencies, aiming to unlock affordable housing opportunities for millions of Nigerians and create jobs for the country’s youth.
This follows recent plans by the Tinubu administration to establish building material hubs in the six geopolitical zones to speed up urban development across the country.
Chief Ajuri Ngelale, Tinubu’s spokesman, announced on Thursday that his principal has reconstituted executive management teams at the Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA) and appointed new chief executives and deputies at both organisations.
At the FMBN, Shehu Usman Osidi was named Managing Director and CEO. Osidi is a banking veteran with over 30 years experience, including 13 years in mortgage banking. He is an alumnus of top U.S. programs at Harvard and the University of Pennsylvania focused on housing finance.
Tinubu also elevated Ibidapo Odojukan, Muhammad Sani Abdu, and Chinenye Anosike to executive director roles overseeing finance, loans, and business development respectively.
At the FHA, former member of the House of Representatives, Oyetunde Oladimeji Ojo, was appointed Managing Director and CEO.
Ojo holds a master’s degree from the University of Greenwich in the UK and has over a decade of experience in housing and hospitality.
Ojo will be joined by Mathias Terwase Byuan, Umar Dankane Abdullahi, Oluremi Omowaiye, and Ezekiel Nya-Etok as executive directors covering housing finance, business development, project implementation, and estate services.
The changes come as Tinubu looks to dramatically boost affordable housing efforts through initiatives like establishing building material hubs nationwide, financing a new National Social Housing Fund for low-income groups, and reforming land access policies, said Ngelale.
According to presidential spokesperson Tinubu expects the new appointees to “hit the ground running” in delivering affordable homes to millions of Nigerians while creating millions of new jobs, especially for the nation’s youth.
He said, “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.”
Tinubu Appoints New CEOs For Federal Mortgage Bank, Housing Authority To Unlock Housing Opportunities For Nigerians is first published on The Whistler Newspaper