Managing Director and Chief Executive of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Usman Osidi has given the assurance of the Bank’s readiness to kickstart the NHF Diaspora Mortgage Loan scheme in the coming weeks, noting that the Bank has finished sorting out the technical details with other partner bodies like the Nigerians in Diaspora Commission (NiDCOM).
He made this known on Thursday, 25 July, 2024 when the Executive Management Team of the Bank joined NiDCOM to celebrate its 2024 Nigeria Diaspora Day at the State House in Abuja.
In the delegation were the Chief Executive, Shehu Usman Osidi; Executive Director, Finance and Corporate Services, Ibidapo Odojukan; Executive Director, Loans and Mortgage Services, Dr. Muhammad Sani Abdu; Executive Director, Business Development and Portfolio Management, Chinenye Chinedu Anosike; and some management staff of the Bank.
Speaking at the event, the MD/CE congratulated the Director General of NiDCOM, Hon. Dr. Abike Dabiri-Erewa on the celebration and commended NiDCOM for consistently looking out for the welfare of Nigerians in the Diaspora. He applauded the groundbreaking initiative of the Federal Government and NiDCOM to introduce the Diaspora Mortgage Loan, describing it as a product of excellence, which reflects the strategic place occupied by Nigerians in the Diaspora, not only to their immediate communities but to the Nigerian economy.
He noted that the initiative is a significant milestone in the ongoing efforts to make homeownership accessible and affordable to Nigerians, stressing that the goal is to eliminate all barriers that had previously hindered Diaspora Nigerians from participating in the National Housing Fund (NHF) Scheme.
The Bank’s Head further disclosed that over 1000 Nigerians in the Diaspora have indicated interest and readiness to participate in the scheme, announcing that in the coming weeks, implementation would officially take-off.
He called on Nigerians in the Diaspora to take advantage of the initiative to bring to fruition their homeownership dreams.
