NIDCOM-FMBN Harmonise Partnership On Diaspora Mortgage
The Nigerians in Diaspora Commission (NiDCOM) and the Federal Mortgage
Bank of Nigeria (FMBN) have assured Nigerians in the Diaspora that the
diaspora mortgage scheme will be in operation within the next three
months .
Dabiri-Erewa, Chairman/CEO, NiDCOM and the new leadership of the Bank,
under Mr. Shehu Usman Osidi, the new Managing Director and Chief
Executive, FMBN in Abuja.
The meeting drew out next steps on the continuity of the Diaspora
Mortgage Housing Scheme Project, which had reached an advanced stage
before the change in the management of the FMBN.
Welcoming the MD and his team, the NiDCOM Chairman/CEO, agreed with the
MD Mr Shehu Usman Osidi that an extended three-month test run will be
done to avoid lapses on the portal in the long run and enable the new
Head of FMBN gets sufficiently acquainted with the project.
The new FMBN helmsman is confident that the project will be launched as
promised before the second half of the year.
Also, Mr Osidi noted that providing a platform where Diaspora Nigerians
can access funding facilities for housing projects, is one of the
pragmatic steps from the Federal Government in recognition of the
Diaspora’s efforts to the country, as key players in economic
sustainability.
He further said that having this platform will result in job creation
and a high patronage in Made-in-Nigeria products and services which will
bolster Nigerian’s GDP.
The new FMBN Chief Executive stated that though plans have been in place
for the Launch before the first quarter of 2024, he agreed to have
more test-runs done on the platform to ensure a seamless and user-
friendly portal, for the next three months.
To that effect, the new Bank Head presented an amended draft of the
Memorandum of agreement while stating that a six-man technical party,
consisting of three members each from FMBN and NiDCOM, will spearhead
the conclusion of the novel project.
Mr. Osidi commended the NiDCOM Chairman for building pragmatic relations
with FMBN and hope for future and stronger partnerships.
The Diaspora Mortgage Housing Scheme is primarily targeted at Nigerians
in the Diaspora to become home owners in their country and create
credible investment opportunities for themselves and other Nigerians.
