As 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, President Bola Tinubu has approved the reconstitution of the executive management teams of parastatals under the Federal Ministry of Housing and Urban Development.
This was revealed by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, on Thursday.
According to Ngelale, for the Federal Mortgage Bank of Nigeria has as Managing Director/CEO, Shehu Usman Osidi; with Ibidapo Odojukan as Executive Director Finance and Corporate Services; Executive Director Loans and Mortgage Services, Muhammad Sani Abdu; and Executive Director Business Development and Portfolios, Chinenye Anosike.
For the Federal Housing Authority, the Managing Director/CEO is Hon. Oyetunde Oladimeji Ojo; Executive Director Housing Finance and Accounts, Mathias Terwase Byuan; Executive Director Business Development; Umar Dankane Abdullahi; Executive Director Project Implementation, Engr. Oluremi Omowaiye; and Executive Director Estate Services, Arc. Ezekiel Nya-Etok.
Ngelale added in the statement on Thursday: “New FMBN CEO, Mr. Shehu Osidi, is a banker with over 30 years of work experience, including 13 years of experience in mortgage banking. He is an alumnus of Harvard University’s Kennedy School of Government as well as the University of Pennsylvania’s Wharton School of Housing Finance.
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“New FHA CEO, Hon. Oyetunde Ojo, is a former Member of the House of Representatives with over a decade of work experience in the housing and hospitality industries. He holds a Master’s degree in Peace and Conflict Studies from the University of Greenwich, United Kingdom.
“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.”