Tinubu Appoints New Heads For FHA, FMBN
President Bola Tinubu has announced the appointment of Oyetunde Ojo as the new Managing Director of the Federal Housing Authority (FHA), along with four executive directors. Ojo will be taking over from Mr. Gbenga Ashafa, who has been serving as the head of FHA since 2020.
In addition, President Tinubu has appointed Shehu Osiris as the new Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), along with three executive directors.
These appointments were confirmed in a statement released on Thursday by Ajuri Ngelale, President Tinubu’s Special Adviser on Media and Publicity.
The statement titled ‘President Tinubu approves leadership changes in the housing and urban development sector’, revealed the four executive directors at the FHA to include Mr. Mathias Byuan (Housing Finance and Accounts), Umar Abdullahi (Business Development), Oluremi Omowaiye (Project Implementation), and Ezekiel Nya-Etok (Estate Services).
At the FMBN, President Tinubu appointed Mr. Ibidapo Odojukan as the Executive Director of Finance and Corporate Services, Muhammad Abdu as the Executive Director of Loans and Mortgage Services, and Ms. Chinenye Anosike as the Executive Director of Business Development and Portfolios.
The appointments are “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,” said Ngelale.
The newly appointed Managing Director of the Federal Housing Authority (FHA), Ojo, brings a wealth of experience to the table. Having served as a Member of the House of Representatives, he has a deep understanding of the housing and hospitality industries, accumulated over a decade of work.
Additionally, Ojo holds a Master’s degree in Peace and Conflict Studies from the prestigious University of Greenwich in the United Kingdom.
Similarly, the new Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Osidi, has an impressive background in banking. With over 30 years of work experience, including 13 years in mortgage banking, Osidi is well-equipped to lead the FMBN.
He is also an alumnus of both Harvard University’s Kennedy School of Government and the University of Pennsylvania’s Wharton School of Housing Finance.
The Presidency has commended Tinubu for his support in various initiatives aimed at improving the housing sector.
These include the establishment of Building Materials Hubs across all six geo-political zones, the creation of a National Social Housing Fund for low-income and vulnerable groups, and land reforms to facilitate easier access to land across all states. These efforts are expected to unlock nearly $300 billion of previously untapped capital in the sector.
With these developments in place, the new leadership is expected to swiftly take action in providing affordable housing for millions of Nigerians in need.
Additionally, it is hoped that this will create numerous job opportunities for the country’s talented youth population, who are currently searching for employment.
