28th September 2025
In just two years, the administration has moved housing from the margins of public policy to the very heart of Nigeria’s inclusive development strategy. The Renewed Hope Housing Programme is not just about building houses; it is about stimulating economic activity, generating jobs, reducing poverty, and restoring dignity to the lives of ordinary Nigerians. And the results are already visible. We are seeing new housing developments rising nationwide and, more importantly, renewed and increasing public trust in the government’s commitment to solving Nigeria’s housing challenge. As the apex public mortgage institution in the country, FMBN has played and continues to play a vital role in translating this bold vision into practical outcomes. We are providing the critical financial support needed to kick-start and scale these housing projects. So far, we have committed over N100bn in off-taker guarantees to unlock private sector investment in the construction of Renewed Hope Cities and Estates nationwide.
We are also directly funding in part landmark Ministry-led housing developments such as the 3,112-unit Renewed Hope City in Karsana, Abuja, and the 1,500-unit Renewed Hope City in Ibeju-Lekki, Lagos, respectively. So, to sum it up, our role at FMBN is clear: we are a key financial engine of the Renewed Hope Housing Programme. And under the leadership of the Honourable Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, we are fully committed to supporting Mr. President’s vision to deliver affordable housing at scale, transform our urban landscape, and ensure that every Nigerian, regardless of status, can dream of and achieve owning a home.
Dangiwa has been an outstanding leader and a steady hand in Nigeria’s housing and urban development sector. His leadership has brought clarity, consistency, and renewed energy to the housing agenda. One of the most impactful things he’s done is provide clear policy direction. He understands the housing system intimately, having served previously as Managing Director of FMBN. So, he knows where the institutional gaps are and how to fix them. That experience has made a big difference. He’s also been incredibly supportive of our efforts at FMBN. He has backed key reforms that we’ve implemented over the past year, whether it’s in strengthening our loan recovery strategy, completing our long-overdue Core Banking Application, or expanding access to new market segments like the diaspora and the informal sector. Most importantly, his insistence on affordability, transparency, and efficient service delivery has elevated our own internal performance. For example, his push for improved financial governance encouraged us to clear a four-year backlog of unaudited accounts in record time. That’s not something we did just to tick a box; it was inspired by a minister who believes public institutions must earn the trust of Nigerians. His vision goes beyond housing delivery. He is deeply invested in land reforms, slum upgrading, building materials industrialisation, and housing finance innovation. These are the systems that sustain long-term housing development, and he’s been actively mobilising the support of other stakeholders – state governments, development partners, and the private sector – to get them working. So, from our perspective at FMBN, the Honourable Minister is not just a supervisor; he’s a strategic partner and a source of inspiration. His leadership continues to open doors for us and align us with the broader goals of the Renewed Hope Agenda. We are grateful to have that kind of steady and purposeful leadership at the top.
0 Comments