FMBN Unveils Women Housing Construction Initiative

Philip Daniel Yatai
Aug, Fri, 2025

Metro

FMBN unveils women housing construction initiative

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By Angela Atabo

The Federal Mortgage Bank of Nigeria (FMBN) says it is rolling out a housing initiative with the delivery process to be exclusively undertaken by women.

The Managing Director and Chief Executive Officer of FMBN, Mr Shehu Osidi, made this known on FMBN Day at the ongoing Africa International Housing Show on Thursday in Abuja.

Osidi said the Women Housing Initiative to be executed in collaboration with the Federal Ministry of Women Affairs.aimed at promoting gender inclusivity in Nigeria’s housing sector.

He added that the pioneering scheme would ensure that everybody involved in delivering the housing projects would be women.

“We believe that women represent a very substantial part of this country and they have a lot of contributions to make to national development.

“So, the Women in Housing Initiative aims to provide a housing development model, where from the design architects to the engineers to the artisans and to the labourers, everybody on site will be women, “ he said.

Osidi disclosed that the bank witnessed a major, positive shift in its challenge on the Single Obligor Limit requirement by the Central Bank of Nigeria.

He said that moving forward, the bank’s management intended to focus on completing all ongoing and outstanding housing projects and sustaining prudent financial management.

Osidi said the bank will also focus on improving customer service experience, and drive down non-performing loans further.

He added that the bank will work towards the amendment of its enabling laws and pursue its recapitalisation. (NAN)

Edited by Esenvosa Izah/Rotimi Ijikanmi

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