Abuja, April 20, 2024 – 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 operational within the next three months.
This assurance was given during a strategic meeting between Hon Abike Dabiri-Erewa, Chairman/CEO of NiDCOM and the new leadership of the FMBN under Mr. Shehu Usman Osidi, the new Managing Director.
The meeting drew out next steps on the continuity of the Diaspora Mortgage Housing Scheme Project which had reached an advance stage before the change of leadership in the FMBN
The NiDCOM boss agreed with FMBN that an extended three-month test run will be done to avoid lapses on the portal in the long run and to enable the new Head of FMBN gets sufficiently acquainted with the project.
Osidi, the FMBN new helmsman expressed confidence that the project will be launched as promised before the second half of the year.
He said provision of a platform where Diaspora Nigerians could access funding facilities for housing projects, was 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.
Osidi said this platform would also create jobs and boost patronage of Made-in-Nigeria products and services and bolster Nigerian’s GDP.
He agreed to do more test-runs on the platform to ensure a seamless and user- friendly portal in the next three months.
Osidi presented an amended draft of the Memorandum of Agreement while suggesting that a six-man technical committee, consisting of three members each from FMBN and NiDCOM, should spearhead the conclusion of the project.
He commended the NiDCOM Chairman for the relationship with FMBN and expressed optimism for stronger partnership in future.
The Diaspora Mortgage Housing Scheme is targeted at Nigerians in the Diaspora to become home owners in Nigeria through credible investment opportunities. (GBN)
