The Federal Mortgage Bank of Nigeria (FMBN) has reaffirmed its commitment to stronger collaboration with the Mortgage Bankers’ Association of Nigeria (MBAN) to improve Nigeria’s housing finance system.
The commitment was highlighted during a strategic engagement between the two institutions held on March 3 at the bank’s headquarters in Abuja.
FMBN Managing Director and Chief Executive Officer Shehu Usman Osidi said regular dialogue between the bank and Primary Mortgage Banks is critical to strengthening the sector.
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According to him, the engagement aims to identify operational challenges and agree on practical solutions that will improve mortgage delivery.
He added that the discussions were designed to build consensus and enhance institutional efficiency in Nigeria’s housing finance ecosystem.
Osidi stressed that the success of the National Housing Fund depends on strong cooperation between FMBN and mortgage banks.
He urged stakeholders to focus on improving compliance, reducing processing time and expanding access to affordable housing for Nigerians.
MBAN President Ayo Olowookere described the meeting as a strategic platform for improving cooperation in the mortgage industry.
He said the dialogue would help address challenges faced by mortgage institutions and improve housing finance for contributors and prospective homeowners.
Senior FMBN executives and management staff also attended the meeting.
