Dangiwa: New agenda for FMBN to develop solid foundation for housing finance in Nigeria

The Managing Director of the Federal Mortgage Bank of Nigeria, FMBN, Architect. Ahmed Musa Dangiwa,said its new administration is set to take the bank to the new level by developing solid foundation for the housing finance and to involve relevant stakeholders in Nigeria. With this agenda, Nigeria requires N60 trillion to bridge the 17 million housing deficits ,and with estimated increases of 900,000 annually confronting the new DG. The agenda for housing need demands innovative solutions which will bridge the existing gap that will benefit the low come earners . For decades now ,Arch. Dangiwa who is a professional with years experience in the housing and construction industry both as an Architect of repute and an illustrious construction magnate spearheading major projects within his short career. He has been actively involved in the housing and construction industry for almost three (3) decades. The MD possesses hands-on knowledge and premium working experience with the understanding of the highs and lows within the sector and has designed an ambitious agenda to chart a definitive course for the institution in order for it to unequivocally achieve its premier mission of facilitating adequate resources through partnerships for the realization of affordable housing for all. He said one of his mission is to pursue innovative solutions through established avenues such as public private partnership, private sector capital leverage and increased budget financing for the housing sector which he foresees being spearheaded in multifaceted ways. The FMBN boss, is determined to impact on mortgage financing to the industry, as a contributions to the economy through strengthening of home ownerships for low income earners through models . The administration will also develop a well functioning mortgage finance market that is able to attract large, long-term local and foreign investments needed to promote a vibrant, competitive, innovative and sustainable housing market driven primarily by private sector and public-private partnership, PPP, with FMBN acting as a facilitator, regulator and enabler and a mortgage financing system where affordability, equity and tailored housing products, needs and service delivery for the diverse needs of Nigerians are assured no matter their income level or social status. Mean while, Dangiwa intended to develop a "Mortgage Finance Change Agenda" that would serve as a guide and would fit into the housing reform agenda of the government. brought to you by Mr Olumide's Blog MOB