… As Housing Ministry Inaugurates Implementation Committee
The Federal Mortgage Bank of Nigeria was yesterday, inaugurated as a member of the Project Implementation Committee for the Renewed Hope Cities and Estates Programme, Karsana.
The inauguration was performed by the Honourable Minister of State for Housing and Urban Development, Abdullahi Tijjani Gwarzo, at the Ministry’s headquarters in Abuja, with the Managing Director and Chief Executive of the Bank, Shehu Usman Osidi, in attendance.
The Bank was inaugurated as a development partner, alongside other partners including Family Homes Fund Limited (FHFL), C23 Consultant Limited, Continental Civil & General Construction Company Ltd, and Ceezali Nigeria Ltd.
The Committee was assigned 10 responsibilities among which are Project Monitoring & Evaluation; Project Review meetings; Fortnightly Report to the Ministry; Interfacing with FCT Administration; Follow-up with the provision of off-site road infrastructure; Overseeing the profiling and identification of project off-takers; Facilitating mortgage facilities for NHF subscribers; Overseeing the disposal of completed Housing Units; Organizing Project Commissioning Ceremony, and undertaking any other task incidental to the successful delivery of the project.
In addition to the above tasks, the Federal Mortgage is also supporting the Karsana Project with N100billion in off-taker guarantee. This directly reflects the concerted commitment of the Bank to the actualization of the President’s vision of decent and affordable housing delivery.
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Emphasising the role of the Committee, the Minister of State noted that it is entrusted with a noble task; “to formulate comprehensive strategies that will drive forward our housing agenda and in particular, the speedy completion of the 3,112 Renewed Hope Estate and Cities program in Karsana, launched by President Tinubu in February.”
He informed the Committee that their collective expertise, dedication, and innovative thinking will be invaluable in navigating the challenges and opportunities in the assignment, urging them to approach their work with diligence, compassion and a steadfast commitment to excellence, working collaboratively and harnessing collective wisdom.
In the welcome remarks, the Permanent Secretary, Dr. Marcus Ogunbiyi, pledged the Ministry’s commitment and support to the newly inaugurated Committee towards the success of the project.
