FG sets up board to promote affordable housing for low-income earners

By Daniel Peters

As part of deliberate efforts towards addressing the housing needs of low-income earners in Nigeria, the federal government has inaugurated the Board of Family Homes Funds Limited.

Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, while
inaugurating the Board members in Abuja, stated that the Fund’s mandate which
aimed at fostering an inclusive environment, creating jobs, and eradicating poverty,
aligned with the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led Administration.

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Mr Edun expressed confidence in the Board members’ ability to deliver on their mandate, noting that the selection process was strictly merit-based.

The newly-inaugurated Chairman, Mr. Ademola Adebise, acknowledged the call to duty, stating that their mandate was to provide affordable homes for low-income earners in Nigeria, in line with the policy objectives of government.

Mr Adebise said that members would bring in their wealth of experience to bear in ensuring the realization of its mandate.

Earlier in her welcome remarks, the Permanent Secretary, Federal Ministry of Finance, Mrs Lydia Shehu Jafiya, commended President Bola Ahmed Tinubu for approving the appointment of the Board members, whom she described as experts in various fields of endeavour

She also commended
the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, for his doggedness in ensuring the full implementation of government policies and programmes that positively impact on the lives of millions of Nigerians.

On his part, the Permanent Secretary, Special Duties, Mr Okokon Ekanem Udo, noted that a home was very essential to human life and that no government would like to toy with it, stressing that their assignment is very critical to the entire populace.

He therefore called on them to ensure that they bring in their wealth of experience to bear in fulfilling the realization of the policy thrust of the government

The Board Members, comprising experienced professionals from various fields, are:

– Abdul Mutallab Muktar – MD/CEO
– Henry Emeka Inegbu – Executive Director Operations
– Abdullahi Musa – Executive Director Finance
– Dr. Eniang Nkang – Non-Executive Director
– Sam N. Okagbue – Non-Executive Director
– Dr. Armstrong Ume Takang – Non-Executive Director (MOFI Representative)
– Sybil Etuk – Non-Executive Director (NSIA Representative)
– Bilkisu Usman – Member
– Abubakar Bello – FHFL Representative

Our Correspondent reports that the inauguration of the Family Homes Funds Board marks a significant milestone in the government’s efforts to address the housing needs of low-income earners in Nigeria.