In a strategic move by the Federal Government, Ahmed Dangiwa, newly appointed the
Managing Director, Federal Mortgage Bank of Nigeria amongst new appointees to 23
Federal Agencies, is a noteworthy professional with years of experience in the housing
and construction industry both as an Architect of repute and an illustrious construction
magnate spearheading major projects within his short career.
Being actively involved in the housing and construction industry for almost three
decades, Ahmed Dangiwa possesses hands-on knowledge and premium working
understanding of the highs and lows within the sector and has designed an ambitious
agenda to chart a definitive course for the institution in order for it to unequivocally
achieve its premier mission of facilitating adequate resources through partnerships for the
realization of affordable housing for all.
At 17 million housing unit deficit at an estimated cost of N60 trillion, the affordable mass
housing need demands innovative solutions which will shrink the existing gap and benefit
the targeted audience in the country. According to Mr. Dangiwa, his administration will
pursue these innovative solutions through established avenues such as public private
partnership, private sector capital leverage and increased budget financing for the housing
sector which he foresees being spearheaded in multifaceted ways.
Not undermining the impact of mortgage financing to the industry, he zeroed in on the
latent possibilities and opportunities inherent within this system waiting to be tapped by
the vast majority of Nigerians with the ever growing viability of companies within this
From its key contributions to the economy through strengthening of home ownerships for
low income earners through models like the rent to home system which promotes the
inclusive, diversified and sustained growth objectives of government to the promotion of
private residential investments that attracts direct foreign investments, improving foreign
exchange influx, thereby sporadically increasing consumer spending on housing services.
The feasibility of mortgage financing to the sector also enveloping growth enhancing and
redistributive objectives of the poverty reducing policies of the government which cuts
across national job creation for professionals such as engineers architects, structural
designers and technicians, craftsmen and artisans such as welders, painters, masons,
electricians, plumbers which service the sector.
Other numerous widespread benefits including enhanced savings, financial market
development, and housing sector investment stimulation and its vast resultant multiplier
effect. According to the Managing Director, the strategic role played by the mortgage
financing system presents endless opportunities for the growth of the sector.
Hence, the dual strategic objectives of Managing Director, Ahmed Dangiwa is to create a
well functioning mortgage finance market that is able to attract large, long term local and
foreign investments needed to promote a vibrant, competitive, innovative and sustainable
housing market driven primarily by private-public partnership (PPP) with FMBN acting
as a facilitator, regulator and enabler and a mortgage financing system where
affordability, equity and tailored housing products, needs and service delivery for the
diverse needs of Nigerians are assured no matter their income level or social status.
With an understanding that affordable housing will remain a mirage should the institution
fall short on assuming innovative approaches, the new Managing Director enjoins all
stakeholder hands beginning with his working team which includes all staff at the FMBN,
the mortgage financing system, real estate developers etc., to be on deck for the
realization of such lofty goals as they directly impact national economic growth and
personal welfare of every citizen.