Home Business BPE initiates full commercialization, capitalization of Federal Mortgage Bank of Nigeria

BPE initiates full commercialization, capitalization of Federal Mortgage Bank of Nigeria

131
0
Alex Okoh, the Director General of the BPE

By Audrey Lotechukwu

BPE inaugurates 8-man joint Technical Committee for FMBN commercialization

THUR 15 APRIL, 2021-theGBJournal-The Bureau of Public Enterprises (BPE) Wednesday inaugurated members of the Joint Technical Committee for the full commercialization and capitalization of the Federal Mortgage Bank of Nigeria (FMBN).

BPE said, the inauguration is in furtherance of the Federal Government’s efforts on the reform of the FMBN in order to reposition the bank for optimum performance which ‘’we believe is pivotal in bridging the country’s huge housing deficit which experts estimated at 22 million in 2019.’’

The Bureau hinted that they met with the Management team of FMBN, in pursuance of it mandate for the reform of government owned enterprises, during which robust discussions on the BPE’s proposed plan for the commercialization of FMBN in line with its 2021 work plan and as proposed by the NCP.

The BPE said it was resolved, at the meeting, that an 8-man joint Technical Committee be constituted to prepare the bank for commercialization by reviewing the 5-year strategic plan with the view of embedding it where applicable within the overall reform plan of BPE for FMBN.’’

‘’This is an assignment of very critical national importance and I am most convinced that the Committee will approach it with the highest sense of responsibility,’’ said Alex Okoh, the Director General of the BPE.

Twitter-@theGBJournal|email: info@govandbusinessjournal.ng