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FMBN aims at delivering more affordable housing

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By Echeburu Oby

Arc.Ahmed Musa Dangiwa, managing director of federal mortgage bank of Nigeria FMBN and the executive management team are positive in its aim to archiving the components of the strategic roadmap to reposition the nation’s foremost mortgage bank and increase its capacity to promoting access to affordable housing for more Nigerian.

These includes the 500billion recapitalization, it was stated in his remark to mark the third year anniversary of FMBN executive management team, the overall goal is to fundamentally turnaround the bank by increasing the size of its capital and restructuring its legal framework.

In Dangiwa’s words ‘’we are proud of what we have achieved in the past three years, FMBN will make a difference in affordable housing delivery if properly empowered’’.

Our goal is to leave a legacy that will be leading in the delivery of affordable social housing to Nigerian workers; this can only be possible if the federal government increases the capitalization from 5billion to 500billion to leverage additional financing in tackling the rising housing deficit with the support of the minister of works and housing Babatunde Raji Fashola.

The bank is working with relevant stakeholders in resolving the national housing fund NHF scheme and FMBN establishment Acts which has been pending at the national assembly.       

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