Shehu Usman Osidi

Shehu Usman Osidi ’is a consummate banker with over 30 years of banking experience. He commenced his career in banking in 1990 and given his outstanding leadership acumen and strategic prowess, rose to the position of Branch Manager/Head of Marketing at four different Banks namely, Lion Bank of Nigeria Plc, Diamond Bank Plc, Intercontinental Bank and Afribank Nigeria Plc, before joining the Federal Mortgage Bank of Nigeria as Assistant General Manager in April 2010.

He rose to the position of General Manager at the Federal Mortgage Bank of Nigeria and voluntarily retired on the 4th of September, 2023, following his appointment as the Special Assistant (SA) Housing/Chief of Staff to the Honourable Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa. He served in this position till his appointment as Managing Director/Chief Executive of the Federal Mortgage Bank of Nigeria.

Osidi is a stellar performer and an achiever who has done creditably well in all assigned roles and capacities. As a testament to his remarkable achievement in the banking sector, Osidi is a recipient of several awards.

As SA Housing/Chief of Staff to the Honourable Minister, he strategically led the development of the Honourable Minister’s blueprint and ensured its alignment with President Bola Ahmed Tinubu’s Renewed Hope Agenda and Action Plan for Housing. Between 2017 and 2022, while serving as SA to the MD/CE, Federal Mortgage Bank of Nigeria, Osidi spearheaded and actively participated in the development and implementation of a 6-point Agenda for the new Management which assumed duty in April 2017.

Earlier, from 2012 to 2017, as Group Head, Special Products, he led the development of the Cooperative Housing Development Loan product, which was intended to bring the Informal Sector into the housing finance system, thereby actualising the Bank’s vision of financial inclusion. This led to the delivery of 3,540 housing units to Cooperative Societies across the country. Additionally, in a bid to deepen the Bank’s market reach and address the needs of specific market segments, Osidi initiated the introduction of three (3) new products, namely; the Federal Mortgage Home Renovation Loan, the Rent-to-Own, and the Nigerians in the Diaspora NHF Mortgage loan products. He further facilitated and optimised the Home Renovation and Rent-to-Own loan windows which have in turn achieved a total disbursement of N80.1 billion to 77,575 beneficiaries and N1.14 billion to 76 beneficiaries respectively.

Osidi also chaired the Committee that worked alongside other stakeholders to develop a Rent-to-Own product paper under the Bank’s newly opened non-interest banking window. He initiated the development and implementation of Housing Development for Nigerian Workers under the National Affordable Housing Delivery Programme for Nigerian Workers, in collaboration with the Labour Unions namely; the Nigerian Labour Congress (NLC); the Trade Union Congress (TUC) and the Nigeria Employers Consultative Association (NECA). Osidi holds a Master’s Degree in Business Administration (MBA) from Bayero University, Kano, 2002 and is affiliated to many professional bodies. He is an Associate Member of the Chartered Institute of Personnel Management of Nigeria (ACIPM), a Member of the Nigerian Institute of Management (MNIM), an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (HCIB), a Fellow of the Institute of Credit Administration (FICA), and a Certified National Accountant (FCNA).

He has attended several courses both locally and internationally, including, Accessing Global & Financial Resources for Mass Housing, (Ashford & Mcguire Consulting) London, UK (2011); Global Best Practices in Public Finance Management (J. K. Consulting Ltd) Dubai, United Arab Emirates (2012); Leadership Decision-Making: Optimising Organisational Performance, Harvard Kennedy School of Government, Harvard University, USA (2014); Conference on Diaspora Mortgages – Tour to New York and Maryland, USA and Paper presentation to Nigerians in the Diaspora, Office of Nigeria’s Permanent Representative to the United Nations, Washington DC, USA (2014) amongst others. He is an alumnus of the prestigious Harvard Kennedy School of Government, Harvard University, Boston, USA as well as the Wharton School, University of Pennsylvania, USA.

Osidi enjoys reading, travelling and learning new things.

He is happily married with children