Arc. Ahmed Musa Dangiwa, the Managing Director/Chief Executive Officer of the Federal Mortgage Bank of Nigeria (FMBN) has been named by the organizers of the Nigeria Housing Awards as the 2018 Mortgage Finance Person of the Year in the male category.
The award was presented to the FMBN CEO at the closing ceremony to mark the end of the 12th Abuja International Housing Show which held at the International Conference Centre (ICC) Abuja from July 16-19th 2018.
The organizers stated that the award was in recognition of the ongoing aggressive and innovative efforts of the Arc. Dangiwa led Executive Management of the FMBN to reform and reposition Nigeria’s foremost mortgage finance institution so it can more effectively deliver on its mandate to catalyse the provision of affordable social housing to Nigerian workers.
Specifically, they cited the ongoing N500billion recapitalization drive of the bank to boost its capacity to create affordable mortgages which has received federal government and stakeholder wide support.
Other ground-breaking milestones recorded by the FMBN Management cited include zero equity contribution for mortgage loans that are N5M and below, reduction of equity for loans of up to N15M from 30 to 10 percent as well as increased tempo in the provision of housing loans to Nigerian workers under the National Housing Fund (NHF).
Responding to the honour, the FMBN CEO thanked the organizers of the Nigeria Housing Awards for the industry recognition. He dedicated the award to his executive management team and staff of FMBN for their support, contribution and hard work that is driving the very important work to restructure FMBN. Not just to play the leading role in tackling the very high housing deficit but also building a strong and robust mortgage finance market.
He also expressed appreciation to the FMBN Board Chairman, Dr. Adewale Adeeyo and the Honourable Minister of Power, Works and Housing Babatunde Raji Fashola, SAN for their continual support.
The Nigerian Housing Awards is organized by Fesadeb Communications Limited, promoters of Nigeria’s biggest annual International housing industry event, the Abuja Housing Show.