The Minister of Lands, Housing and Urban Development, Mrs Akon Eyakenyi has commended the Management of the Federal Mortgage Bank of Nigeria (FMBN) on the enhanced transparency in the collection and management of the National Housing Fund (NHF) through the creation of the electronic collection platform (e-collection).
Eyakenyi who spoke in Abuja said this has enabled the bank to create appreciable volume of mortgages to support home ownership and development of such innovative products such as Informal Sector Housing Scheme which are all aimed at improving accessibility to home ownership for Nigerians on-shore and off-shore.
The Minister also commended the past management of the bank who she said worked assiduously to facilitate the delivery of 17,240 housing units during their four years tenure adding that they also recovered N6, 907,362,104.49.
She therefore urged the new management to surpass its predecessors so as to transform the operations of the bank to compete favourably with similar mortgage institutions in other parts of the world and urged the management to work closely with the board of the bank so as to make the bank vibrant, efficient and effective.
Speaking earlier, Managing Director of the Bank, Gimba Ya’u Kumo assured Nigerians that the bank would work to continue to provide quality and affordable houses to Nigeria and strive to improve its balance sheet and promisedthat the team would recapitalise the bank and improve the balance sheet structure to modify its standing as a financial institution.
According to him, “Our strategy will involve developing pro-active and effective strategies to attract offshore funding for affordable housing to Nigerians as well as improving service delivery to NHF contributors across the country. We also plan to look at improvement of members of staff welfare across board to ensure a well motivated workforce and profitable operations”.
The FMBN boss said that the completion of ongoing housing estate projects under the Ministerial Pilot Housing Scheme nationwide and the completion of the Goodluck Jonathan Legacy Estate in Kaba District in the Federal Capital Territory, FCT, will be vigorously pursued.
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