FMBN to complete Goodluck Jonathan Legacy Estate soon

Following the 17 million housing deficit in the country, the
Managing Director of Federal Mortgage Bank of Nigeria
(FMBN), Gimba Ya’u Kumo, has assured that the bank would
vigorously pursue the completion of Goodluck Jonathan
Legacy Estate in Kaba District in the Federal Capital Territory
(FCT) and the completion of ongoing housing estate projects
under the Ministerial Pilot Housing Scheme nationwide.
Speaking when the Minister of Lands, Housing and Urban
Development, Mrs. Akon Eyakenyi, inaugurated the new board
of FMBN in Abuja, yesterday, Kumo, whose appointment was
renewed, promised that the team would recapitalise the bank
and improve the balance sheet structure to modify its
standing as a financial institution, saying the team would also
work proactively to attract offshore funding for affordable
housing.
“Our strategy will involve developing proactive and effective
strategies to attract offshore funding for affordable housing to
Nigerians as well as improving service delivery to National
Housing Fund (NHF) contributors across the country. We also
plan to look at improvement of staff welfare across board to
ensure a well motivated workforce and profitable operations,”
he said.
In a statement, Kumo assured the Federal Government and
other stakeholders in the sector of the bank’s determination to
sustain the cordial relationship it enjoyed in the previous
years.
“I use this opportunity to request that the same support and
cooperation enjoyed by the previous executive management
team be equally extended to the present team. As a returning
member of the team, I have had the privilege of experiencing
the various challenges facing the FMBN as well as the housing
sector in general,” he said.
Earlier, the Minister said the essence of reconstituting the
team of the FMBN was to reinvigorate the bank and effectively
reposition it to meet the present and future challenges and
also gave a fresh mandate to the management to make house
ownership easier for most Nigerians.
Eyakenyi applauded the performance of FMBN in previous
years, saying the bank continues to be one of the performing
organisations in the country.
She urged the team to create room for innovators and
strategic thinkers in the bank to flourish by reconfiguring the
human resources management architecture of the bank.
“I wish to assure you of the cooperation of the Federal
Ministry of Lands, Housing and Urban Development and indeed
my personal support in the task ahead,” she said.