By Angela Atabo
The Managing Director of Federal Mortgage Bank of Nigeria (FMBN), Mr Shehu Osidi, says the bank is restrategising the housing sector towards delivering more houses to Nigerians.
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 a seven core but broad agenda to further deepen the on-going…
Source: News Agency of Nigeria
