The Managing Director/Chief Executive Officer of the Federal Mortgage Bank of Nigeria (FMBN), Mr. Ahmed Dangiwa has said the bank remains optimistic in its push to achieve access to affordable housing for more Nigerians are on course.


This includes the N500 billion recapitalisation; review of the National Housing Fund (NHF) Scheme and FMBN establishment Acts and the overall automation of all FMBN business processes.

Dangiwa, stated this in his remarks to mark the third-year anniversary of the current FMBN executive management team recently.

A statement by the Group Head, Corporate Communications, FMBN, Ahmed Abubakar, quoted him to have said this in a statement.

He noted that while FMBN has in the last three years surpassed all key corporate performance indicators such as the size and speed of mortgage loan disbursements, refunds to retired contributors to the National Housing Fund (NHF) scheme, housing stock construction amongst others, the overall goal was to fundamentally turnaround the bank by increasing the size of its capital, restructuring its legal framework and putting technology at the heart of its operations.

“We are proud of what we have achieved in the past three years. Our performance shows the potential of FMBN to make a difference in affordable housing delivery if properly empowered.

“However, our goal is to leave a legacy of a structurally transformed, financially robust and highly efficient FMBN that is leading in the delivery of affordable social housing to Nigerian workers.https://kilenra.com/blog/2020/07/06/fmbn-reiterates-pledge-to-provide-affordable-homes-for-nigerians/

If it has FEDERAL in its name, best believe it won't do sh#t for anybody except politicians.

DuBLINGreenb:
If it has FEDERAL in its name, best believe it won't do sh#t for anybody except politicians.

Are you a civil servant?

The process in getting this loan is too difficult.

They should be able to make it flexible so that people can access the loan.

Do you know what it takes to get C of O for an already purchased land for this extreme difficult country?

If they are sincere about giving out loans to Nigerians to have a home then they should make the policy quite simple.

C of O should only be an option but not compulsory document to attach

engrsyer:
The process in getting this loan is too difficult.

They should be able to make it flexible so that people can access the loan.

Do you know what it takes to get C of O for an already purchased land for this extreme difficult country?

If they are sincere about giving out loans to Nigerians to have a home then they should make the policy quite simple.

C of O should only be an option but not compulsory document to attach

I think that's the major hurdle which you mentioned is due to the fact that that the land will act as a collateral.
Simplifying the C of o hurdle will make civil servants very comfortable.

jeswinner:

I think that's the major hurdle which you mentioned is due to the fact that that the land will act as a collateral.
Simplifying the C of o hurdle will make civil servants very comfortable.

and that's the sole aim of the bank and housing scheme na. If some bottle necks are cleared off so that the loan can be accessible has the aim not achieved.

The FG and the FMBN needs to reevaluate their policies on this for achieving her aim.

Cheers