President Bola Tinubu has approved the reconstitution of the executive management teams of parastatals under the Federal Ministry of Housing and Urban Development.
Ajuri Ngelale, Special Adviser to the President on Media and publicity disclosed this in a statement on Thursday
He said the move was 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.
He listed the agencies affected to include Federal Housing Authority (FHA) and the Federal Mortgage Bank of Nigeria (FMBN).
He said the president approved the appointments of Mr Shehu Usman Osidi as the new Managing Director/CEO of FMBN, while Mr Ibidapo Odojukan was appointed Executive Director of Finance & Corporate Services.
Mr. Muhammad Sani Abdu was appointed Executive Director (Loans & Mortgage Services), while Ms. Chinenye Anosike was appointed Executive Director (Business Development & Portfolios)
Meanwhile, Hon Oyetunde Oladimeji Ojo was appointed Managing Director/CEO of the Federal Housing Authority, while Mr Mathias Terwase Byuan was appointed as Executive Director of Housing Finance & Accounts
Mr. Umar Dankane Abdullahi was named the Executive Director (Business Development), Engr. Oluremi Omowaiye was appointed Executive Director (Project Implementation) and Arc. Ezekiel Nya-Etok was named Executive Director (Estate Services)
The 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.
While the 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.” the statement read in part.
