• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, June 4, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigeria restrategises to deliver more houses

Houses

The Matters Press by The Matters Press
April 18, 2024
Reading Time: 2 mins read
0
Nigeria in deal with firm to facilitate funding for houses

The Managing Director, Federal Mortgage Bank of Nigeria (FMBN), Shehu Osidi says the bank is restrategising the housing sector towards delivering more houses to Nigerians.

RELATED POSTS

FCT ground rent!: Check your name if you own property

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

IMPI urges media to consider national interest in reporting security challenges

Osidi made this known on Wednesday when he received the Housing Institutions Reform Task Team and the Multi-Agency Project Delivery Task Team in Abuja.

He said that the bank recognised the need for reforms and took the initiative to commence a journey of repositioning and recapitalisation in conjunction with the Bureau of Public Enterprises.

“We have a five-year strategy blueprint approved by the Board guiding our operations and a major ICT-Project.

“The core banking application is nearing completion, about 95 per cent to improve service delivery and enthrone efficiency.

“The amendment of the FMBN and National Housing Fund ACTs have also commenced in the National Assembly.

“The Executive Management is concentrating on seven core but broad agenda to further deepen the on-going reforms and usher remarkable turnaround.”

Osidi said that Nigerians would start seeing changes in the sector, adding that President Bola Tinubu’s government is committed to reforms in all sectors of the economy.

He said that the Minister of Housing and Urban Development jad inaugurated four reform task teams to address the critical areas of the housing sector in Nigeria.

He listed them to include the Housing Institutions, Task Teams to reform the housing delivery agencies and the Multi-agency Reform Task Team to enhance collaboration between the various housing delivery agencies in Nigeria.

The MD said there was the Building Materials Manufacturing Hubs to be established in the six geo-political zones of the country, and then there are also the Land Reforms.

Osidi said that FMBN would also explore public private partnership to deliver massive housing in the country.

Earlier, Mr Adedeji Adesemoye, Chairman, Federal Housing Reform Task Team, said that the team was focused to deliver on its mandate of reforming the housing sector.

Adesemoye said the team had outlined a lot of reforms in the sector that when implemented would transform the nation.

According to him, the move is critical to both the ministry’s mandate and in order to continue with the buy in of the president.

“Yes, there are a few challenges on the way which is not unexpected, but we are making sure that we are in contact with the Ministry and the agencies to ensure they key in so as to overcome the hurdles.”

Adesemoye added that with the structure of delivery on ground, the nation would have quick wins in less than 12 months.

He, however, noted that there would be long, short and medium term goals as soon as their report is being implemented.

Tags: Houses
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Property owners besiege FCT office to pay ground rent
Economy/Technology

FCT ground rent!: Check your name if you own property

June 3, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
President Tinubu outlines new economic, monetary, foreign policies
Economy/Technology

CUPP goofs over President Tinubu’s 2027 endorsement by governors

June 2, 2025
Senate probes $3.5b with NNPC
Economy/Technology

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

May 30, 2025
Next Post
Nigeria will become major global economy  – Shettima

Nigeria will become major global economy – Shettima

Military threatens to eliminate adversaries in Nigeria

Military threatens to eliminate adversaries in Nigeria

Recommended Stories

Embrace entrepreneurship in place of white-collar jobs- Minister

Young CEOs seek creation of ministry for young entrepreneurs

September 19, 2023
NERC, FCCPC collaborate on consumer protection

NERC sanctions 11 DisCos for non-compliance with rules on billing

February 10, 2024
We have nothing to hide – NNPC

Why we paid N123bn interim dividend to FAAC – NNPCL

July 23, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • FCT ground rent!: Check your name if you own property
  • Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,
  • IMPI urges media to consider national interest in reporting security challenges

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us